Tom & Jerry are running Hanna Barbera's lemonade stand as two profit centers. Tom makes the lemonade while Jerry sells it. Jerry argues that Tom is transferring the lemonade to him priced too high, which forces him to charge the customers a high price, losing sales. Who is making the bad decision?
a. Tom
b. Jerry
c. Hanna Barbera
d. None of them
a
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Figure 3-3
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In Figure 3-3, a shift from A to B seems most consistent with which of the following scenarios?
A. Society has decided to give guns lower priority. B. Technological advances have been greater for guns than for butter. C. The society has experienced a massive immigration of labor. D. There are unemployed resources in the production of both guns and butter.
Refer to Table 2.3. Assume that 2010 is the base year. Real GDP in 2007 is
A) $490.00. B) $568.00. C) $580.00. D) $671.00.
What is the effect of supply-side inflation on the short-run Phillips curve?
The sequence of events following a contractionary monetary policy would be higher interest rates followed by dollar
A. depreciation, higher exports, and lower imports. B. depreciation, lower exports, and higher imports. C. appreciation, lower exports, and higher imports. D. appreciation, higher exports, and lower imports.