Retail stores that dedicate one or more aisles to "seasonal" items are engaging in ________
A) just-in-time production
B) production smoothing
C) work in process
D) first degree price discrimination
A
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The poverty rate in the United States has __________ over the last 30 years.
A. remained the same B. increased C. decreased D. not been accurately measured
According to the law of demand, if:
a. product price increases, quantity demanded will decrease. b. consumer income increases, quantity demanded will increase. c. product price increases, quantity demanded will increase. d. consumer income increases, quantity demanded will decrease. e. supply increases, demand will increase.
Bankers must always trade off
a. honesty and dishonesty. b. stocks and loans. c. prudence and profits. d. gold and cash. e. All of the above are correct.
The prisoners' dilemma provides insights into the
a. difficulty of maintaining cooperation. b. benefits of avoiding cooperation. c. benefits of government ownership of monopoly. d. ease with which oligopoly firms maintain high prices.