The presence of minimal specialized investments relative to contracting costs suggests that the optimal input procurement method is:
A. contract.
B. vertical integration or contract.
C. spot exchange.
D. vertical integration.
Answer: C
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Less developed countries are often characterized by imperfect capital markets. Assuming that the LCH applies to these countries and that a large proportion of the population is below fifty the
A) MPC should be relatively high. B) MPC should be relatively low. C) frequency of liquidity constraints is low. D) sensitivity of consumption to loans is low.
Which of the following institutions is responsible for ensuring that enough currency and coins are circulating through the financial system to meet public demands?
a. U.S. Department of the Treasury b. Comptroller of the Currency c. Federal Reserve d. Federal Deposit Insurance Corporation
Refer to the above figure. At a price of $2, excess quantity demanded equals
A. 12. B. 0. C. 15. D. 3.
Refer to the information provided in Figure 23.2 below to answer the question(s) that follow.
Figure 23.2Refer to Figure 23.2. An increase in Jerry's income is represented by
A. a movement from Point B to A. B. an increase in the slope of Jerry's consumption function. C. an upward shift in Jerry's consumption function. D. none of the above.