Hyperinflation is:
A. an extremely low rate of inflation.
B. frequently experienced in the United States.
C. an extremely high rate of inflation.
D. very erratic inflation.
Answer: C
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Answer the following statements true (T) or false (F)
1) All methods of entry into a foreign market require managers to conduct due diligence. 2) In joint venture, it is not possible for one firm to purchase the other partner's share at any point. 3) Master franchising allows firms to maintain control over local operations. 4) Bribes, payoffs, and extortion are common and accepted ways of everyday life in some countries. 5) A German company whose stock is publicly traded in the United States is not subject to the Foreign Corrupt Practices Act.
Revenue equivalence ________ hold when the item being auctioned has independent private values and ________ hold when the item being auctioned has a common value.
A) does not; does not B) does; does not C) does; does D) does not; does
Which of the following is true about government activity in the United States?
a. Macroeconomic policy is handled mainly at the state level. b. Higher education is handled mainly at the national level. c. Primary and secondary education is handled mainly at the local level. d. Primary and secondary education is handled mainly at the national level. e. Police and fire protection are handled mainly at the state level.
Over the last 40 years, the gap between the rich and the poor in the United States has been increasing. Economists have justified this outcome by noting that
A. efficiency can never be achieved without greater inequality. B. inequality is not a problem. C. inequality is a desirable policy outcome. D. inequality is a necessary consequence of achieving greater efficiency. E. efficiency should be achieved regardless of the cost.