According to the survivor principle
A) firms will get taken over by their larger rivals over time.
B) only firms that maximize profits survive in highly competitive markets.
C) managers only work hard if they are threatened with their survival at the firm.
D) eventually all firms merge to become one large monopoly.
B
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The chair of the Board of Governors of the Fed is appointed by the president
a. True b. False Indicate whether the statement is true or false
The average person is more likely to make a mistake choosing ___________ than what to have for dinner due to the complex nature of the topic.
A. how to save for retirement B. which college to attend C. which type of health plan to choose D. All of these statements are true.
Ceteris paribus, a change in the quantity supplied along the supply curve of Braun coffee makers is:
a. directly related to the price of a Morphy Richards coffee maker. b. directly related to the price of milk and cream. c. directly related to the prices of inputs used in the production of Braun coffee makers. d. directly related to changes in the technology used in producing coffee makers. e. directly related to the price of a Braun coffee maker.
One major consequence of the availability heuristic is that:
A. People may spend more resources to insure themselves against rare events, but leave themselves uninsured against more common events B. Someone could persist in pursuing a failed policy despite overwhelming evidence of the failure C. Bad decisions can be made because people will act without pausing to see whether their intuition is correct or not D. Some people may wrongly believe in their forecasting ability to predict future outcomes of risky investments