Kevin Freeman is the head of a team developing plastic knee replacements. Each member of the team brings specialized knowledge to the innovation process. Without both engineers and materials specialists, the project could not be successful. This is an example of the
A. costs of employee buy-in.
B. benefits of the use of dispersed specific knowledge.
C. free-rider problem.
D. costs of collective-action problems.
Answer: B
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The table above shows the total utility from the two goods Freddy likes to consume. If Freddy has consumed 4 fruit drinks and then decides to drink another
A) his total utility will increase. B) the marginal utility from the 5th drink equals 30. C) the marginal utility from the 5th drinks equals 50. D) Both answers A and B are correct.
Import controls in Mexico ____________
a. will ease the pressure on Mexico's foreign exchange reserves if its exchange rate is fixed b. are illegal c. reduce tariffs d. are designed to float the exchange rate e. reduce quotas
Which of the following does not explain what backs the money supply in the United States?
A. It is backed by gold. B. It is widely accepted in transactions. C. It is designated "legal tender" by the federal government. D. It is relatively scarce.
The cyclically-adjusted budget deficit in an economy is zero. If this economy goes into recession, then the actual government budget will be:
A. Balanced B. In deficit C. In surplus D. Expanding