A set of actions that a firm takes to achieve a goal, such as maximizing profits, is called
A) the Porter's Competitive Forces plan. B) game theory.
C) a payoff matrix. D) a business strategy.
D
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A positive economic statement simply describes what is
a. True b. False Indicate whether the statement is true or false
Assume a fixed demand for money curve and the Fed increases the money supply. The result is a temporary:
a. excess quantity of money demanded. b. excess quantity of money supplied. c. new equilibrium interest rate. d. decrease in the demand for loans.
If income in Africa increases by 4% and demand for poultry increases by 8%, then the income elasticity for poultry demand in Africa is projected to be:
a. -0.8 b. 0.8 c. 2 d. 1.25 e. 1.50
Which of the following would be the best example of regulatory capture?
A)Starbucks buys up all the available supplies of coffee beans B)Federal law makers write and pass legislation that protects domestic companies from foreign competition. C)Executives from the Ford, General Motors, and Chrysler companies write the rules regulating automobile D) Nike executives influence the rules for track and field events