Possible reasons for X-inefficiency include the following, except:
A. Managers may have other goals besides maximizing profits
B. Workers may be poorly motivated or poorly supervised
C. Costs of materials may be rising due to tight supply conditions
D. The firm may be lethargic due to the absence of competition
C. Costs of materials may be rising due to tight supply conditions
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The circular flow diagram shows the flow of money and goods and services between households, firms, government, and foreign countries
a. True b. False Indicate whether the statement is true or false
If the price level increased from 120 to 130, then what was the inflation rate?
a. 1.1 percent. b. 7.7 percent. c. 10.0 percent. d. 8.3 percent.
Requiring that a firm engage in pollution abatement tends to reduce the firm's profits.
Answer the following statement true (T) or false (F)
Which of the following helps in reducing the problem of adverse selection in health insurance markets?
A) Insurance mandates B) High premiums C) High rates of taxation D) Insurance coverage