Stockholders
A) select the managers of a corporation. B) select the employees of a corporation.
C) select the board of directors of a corporation. D) all of the above.
C
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The table above shows a nation's production possibilities frontier. The opportunity cost of a robot between combination D and E is
A) 1/4 of a pizza. B) 34 pizzas. C) 30 pizzas. D) 4 pizzas. E) undefined because neither point is production efficient.
The slope of a nonlinear curve is ________ when the curve is rising, and ________ when the curve is falling
A) negative, positive B) negative, negative C) positive, negative D) positive, positive
One reason the AD curve is downward sloping is the __________ effect
A) wage rate B) productivity C) interest rate D) structural E) none of the above
Japanese economists worry that changes in the U.S. inflation rate have too large an effect on the Japanese economy. What type of exchange-rate regime should Japan have if it does not want U.S. inflation changes to impact the Japanese internal economy? Explain, using relative purchasing power parity (PPP) in your explanation.
What will be an ideal response?