A technological improvement in the production of tablets would
A) increase the demand for tablets.
B) increase the supply of tablets.
C) decrease the demand for tablets.
D) decrease the supply of tablets.
Answer: B
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An example of organizational architecture based on customer type is when divisions are defined as
a. R&D, Engineering, Production, Marketing, Sales b. Component 1 Plant, Component 2 Plant, Component 3 Plant, Final Assembly c. Store 1, Store 2, Store 3, Region A, Region B, Sales Division d. Business Customers, Educational Customers, Household Customers
The connection between domestic saving and investment to the trade balance explains why economists view the balance of trade as a fundamentally __________________ phenomenon.
a. microeconomic b. positive c. negative d. macroeconomic
Some economists argue that policymakers can use monetary and fiscal policy to reduce the severity of economic fluctuations. In practice, however, there are obstacles to the use of such policies. What are the primary difficulties with using monetary and fiscal policy to stabilize the economy?
In economics, what term is used to describe a concentration of efforts toward producing one type of goods?
a. repetition b. specialization c. competition d. consumption