Anita is the retired president of Claddagh College and currently serves on the board of directors of the Patrician Pharmaceutical Company. Anita is considered ________ of the company
A) an outside director B) an inside director
C) a managing director D) a silent partner
A
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Business cycles are the result of
A) regular shifts of the AD curve only. B) irregular shifts of the SAS curve only. C) regular shifts of both the AD and SAS curves. D) irregular shifts of both the AD and SAS curves.
If the elasticity of demand for a good at a certain price is greater than one, we describe demand as _____.
(A) Unitary elastic (B) Elastic (C) Inelastic (D) Variable
Scarce was described as which of the following
a) when it's freely available b) when it's not a lot of it c) when there is a lot of it d) when it's not available
The costs associated with changing prices are called
A. menu costs. B. implicit costs. C. price costs. D. market-clearing costs.