The decline in the role of manufacturing over the last four decades has caused our economy to be
A. less vulnerable to inventory cycles.
B. more vulnerable to inventory cycles.
C. has not affected the vulnerability to inventory cycles.
D. caused an increase in frictional unemployment.
A. less vulnerable to inventory cycles.
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The MCE function represents the
a. marginal cost of enforcement incurred by the government b. marginal cost of the externality linked to environmental pollution c. market cost of a given environmental policy initiative d. extra cost of the engineering approach
The vertical distance between the average variable cost curve and the average total cost curve equals average fixed cost
Indicate whether the statement is true or false
Contractual savings institutions include
A) mutual savings banks. B) money market mutual funds. C) commercial banks. D) life insurance companies.
Which of the following is FALSE?
a. Maximizing division profits can sometimes lead to reducing company-wide profits b. Managers of profit centers are usually given a lot of discretion in their decision making c. Profit centers usually require the highest degree of attention by corporate headquarters d. A manager being rewarded on division revenues has the most incentive to make good decisions for his division