Role models, company folklore, and rituals are
A. the key components of a barter economy.
B. the key components of corporate culture.
C. not considered in an economic analysis of organizational architecture.
D. not parts of most companies' corporate culture.
Answer: B
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Refer to Supply and Demand. Deadweight loss
The following questions refer to the accompanying graph, which shows the supply and demand for military service where Q0 represents the quantity provided by a volunteer army and Qd the quantity provided by a draft.
a. is eliminated by a limited draft.
b. occurs only with a volunteer army.
c. occurs only with a draft.
d. Occurs with both a volunteer army and with a draft.
The above figure shows the demand and cost curves for a firm in monopolistic competition. The graph represents the firm's situation in
A) only the short run. B) only the long run. C) either the short run or the long run. D) neither the short run nor the long run.
One of the results of Paul Romer's new growth theory is that investment in research and development will be too low in an economy. Explain how he comes to this conclusion
What will be an ideal response?
If a market basket was defined in 2014 and it cost $10,000 to purchase the items in that basket in 2014, while it cost $12,000 to purchase those identical goods in 2015, then the price index for 2015 is
A. (12000/10000)*100=120. B. 100. C. (10000/12000)*100=83.33. D. unknown given this data.