Corporate cultures
A) are part of a strategic plan.
B) can limit the effectiveness of a merger.
C) arise when transactions costs are very low.
D) all of these choices.
B
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An economist for a bicycle company predicts that, all else held constant, an increase in consumer incomes will increase the demand for bicycles. This prediction assumes that
A. there are many goods that are substitutes for bicycles. B. there are many goods that are complementary to bicycles. C. bicycles are a normal good. D. there are few goods that are substitutes for bicycles.
The "minimum efficient scale" of operation in an industry is defined as the scale of operation in an industry that is least efficient
Indicate whether the statement is true or false
A change in tastes for U.S. produced goods will
A) shift both the aggregate demand curve and the long-run aggregate supply curve. B) shift the aggregate demand curve. C) shift the short-run aggregate supply curve. D) shift the long-run aggregate supply curve.
The fraction of deposits that banks are required by law to hold and not lend out are called its
A) required reserves. B) net worth. C) excess reserves. D) reserves.