In profit centers
a. Managers are difficult to evaluate because there is no simple metric of how well they performed
b. Managers typically do not have the information to run their division efficiently
c. Managers' decisions rarely affect other divisions
d. Managers typically have ample incentives to run their division efficiently
d
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The key variable in determining changes in a country's standard of living is the:
A. inflation rate. B. interest rate. C. long-run rate of economic growth. D. unemployment rate.
An increase in the price level will
a. increase the equilibrium level of national income b. decrease the equilibrium level of national income c. increase aggregate expenditures d. increase aggregate demand e. have no effect on aggregate expenditure
In addition to advising the president, one duty of the Council of Economic Advisers is to
a. prepare the federal budget. b. write government regulations. c. advise Congress on economic matters. d. write the annual Economic Report of the President.
An exporter is said to be engaged in _______ if it _______ goods and services at a price _______ .
A) cut-throat competition: sells; below the price in the foreign market B) retaliation; buys; above the price in the foreign market C) dumping; sells; below the foreign costs of production D) dumping; sells; below its own production cost