In an M-form organization
a. The number of divisional conflicts are reduced
b. Decision making speed increases
c. Customer retention tends to increase
d. All of the above
d
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The Phillips curve indicates that when the labor market is ________, production costs will ________ and aggregate supply decreases
A) easy; rise B) easy; fall C) tight; fall D) tight; rise
Classical economists believe that a market economy will normally
A) suffer from extended periods of sustained unemployment. B) achieve full-employment output. C) degenerate into pure monopolies in most industries. D) eliminate the problem of economic scarcity.
The central bank of a country had, for a time, focused so strongly on reducing inflation that the level of unemployment increased beyond control. Currently, the central bank focuses so strongly on controlling unemployment that the inflation rate has increased. The main problem faced by the central bank is _____
a. it only focuses on a single factor b. it overestimates the inflation rate c. it does not consider the presence of disguised employment d. it is easily influenced by large business houses
As a general rule, oligopoly exists when the four-firm concentration ratio:
A. exceeds the Herfindahl index. B. is less than the Herfindahl index. C. is 40 percent or more. D. is 15 percent or more.