The functional form of corporate organization
a. organizes employees along the functions or tasks that they perform
b. organizes employees along the customer types that they serve
c. organizes employees along individual projects that arise
d. organizes employees into softball teams
a
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If an economy uses its resources inefficiently, this situation would be illustrated on a production possibilities diagram as
a. an inward shift of the production possibilities curve. b. an outward shift of the production possibilities curve. c. operating at a point outside the production possibilities curve. d. operating at a point inside the production possibilities curve.
The difference between the interest income or receipts earned on investments in the rest of the world by the residents of a given country and the payments to foreigners on investments they have made in the given country is called:
A) unilateral transfers. B) bilateral transfers. C) net investment income. D) gross investment income.
In Figure 4-5 above, at what income would the interest rate that brings about money market equilibrium cause unwanted inventories of commodities to accumulate?
A) YA B) YB C) YE D) YC
Which of the following most likely occurs when an inflationary gap exists?
A. Rising inventories. B. More layoffs. C. Excessive saving. D. Producers will use overtime shifts and strain capacity.