What do we know about service failures?
a. Statistics show that out-of-stock occurrences have reduced retailer's overall sales by four percent
b. Costs of stockouts are not shared equally among members of the supply chain
c. Calculating the true cost of a stockout is very difficult
d. All of the above
d. all of the above
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If aggregate demand equals output,
A) the economy is in a recession. B) output will increase. C) output will fall. D) the economy is at its equilibrium level.
Marginal analysis is useful in economics, but not in other areas of life.
Answer the following statement true (T) or false (F)
As workforces become more educated in countries with comparative advantage in labor-intensive products, the comparative advantage for the production of those labor-intensive goods shifts:
A. toward other countries with less cheap labor relative to the other factors of production. B. away from countries with more cheap labor relative to other factors of production. C. toward other countries with more cheap labor relative to the other factors of production. D. toward countries with more capital for production.
The investment expenditures made by Macroville's power plant to reduce air polluting emissions result in a decrease in the national economy's net output for the year
Indicate whether the statement is true or false