The trend of the inventory/sales ratio over time indicates that
A. firms continually have less control over managing their inventory stocks.
B. firms are becoming less efficient in their management of inventory stocks.
C. firms are becoming more efficient in their management of inventory stocks.
D. the efficiency of firms in their management of inventory stocks has changed very little.
Answer: C
You might also like to view...
Refer to Figure 6.1. Suppose the economy is originally in steady state at k*1. If the saving rate increases from s1 to s2, the capital-labor ratio will begin to ________, and real GDP per worker will ________
A) rise; rise B) rise, fall C) fall, fall D) fall; rise
Under a progressive tax system, the tax rate increases as income increases
a. True b. False Indicate whether the statement is true or false
Consumer surplus is the difference between:
a. what the consumer is willing to pay and what the consumer must actually pay to receive a good or service. b. the quantity of goods a consumer is willing to buy and the quantity of goods the consumer actually buys. c. what the producer is willing to receive and what the consumer must actually pay to receive a good or service. d. the quantity of goods a producer is willing to and the quantity of goods the consumer actually buys.
Which of the following would be studied by macroeconomists?
A. Inflation in developing countries B. The effect of government subsidies on sugar prices C. The effect of rent controls on housing prices in New York City D. The impact of the minimum wage on families below the poverty level