If the mangers of Special Cakes, a large bakery, acquire an egg farm to produce the eggs for their cakes, the managers of Special Cakes are likely to experience all of the following except which one?
A) an increase in their required areas of expertise
B) an increase in managerial diseconomies
C) a decrease in managerial diseconomies
D) an increase in the complexity of coordination of Special Cakes
C) a decrease in managerial diseconomies
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Use the figure below to answer the following question.
The total benefit of the second unit of X is ________.
A. 11 B. 4 C. 5 D. 17
How will an increase in the government budget surplus as a result of lower government spending (with no change in net taxes) affect private saving in the economy?
A) Private saving will increase by the amount of increase in the budget surplus. B) Private saving will be unaffected by the increase in the budget surplus. C) Private saving will decrease by less than the amount of increase in the budget surplus. D) Private saving will decrease by the amount of increase in the budget surplus.
The free rider problem causes less than optimal production of a public good.
A. True B. False C. Uncertain
Which of the following is an example of an institution whose primary concern is global stability?
A) NAFTA (North American Free Trade Agreement) B) OPEC (Oil Producing and Exporting Countries) C) IMF (International Monetary Fund) D) Asian Development Bank