Which of the following is TRUE about firms organized along functional lines?
a. Workers find it difficult to develop functional expertise
b. Workers find it difficult to share information within their division
c. They foster the exploitation of economies of scale
d. All of the above
c
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"The typical age-earning cycle provides evidence of economic discrimination by age." Do you agree or disagree? Why?
What will be an ideal response?
Which of the following offers an example of structural unemployment?
A. The rise in unemployment for stable workers after the development of gasoline-powered automobiles and the resulting long-term decline in horse-and- buggy transportation. B. The rise in unemployment among farm workers after harvest. C. The unemployment associated with workers changing jobs. D. The increase in unemployment during recessions.
The Standard & Poor's 500 Index differs from the Dow Jones Industrial Index because:
A. it is a price-weighted index, where the DJIA is a value-weighted index. B. it takes into account the prices of more stocks and it uses a different weighting scheme. C. larger firms are less important in the S&P 500 than in the DJIA D. it takes into account the stock prices of 500 of the largest firms, which is less than the DJIA
Refer to the information provided in Table 3.2 below to answer the question(s) that follow.Table 3.2Price per CheeseburgerQuantity Demanded (Cheeseburgers per Month)Quantity Supplied (Cheeseburgers per Month)$51,500 500 61,200 700 7 900 900 8 6001,100 9 3001,300Refer to Table 3.2. This market will be in equilibrium if the price per cheeseburger is
A. $5. B. $6. C. $7. D. $8.