Which of the following equations could be used in the value-added approach?
a. $.25 + $.75 + $1.00 – $1.50 = $.50
b. $.25 + $.75 + $1.00 + $1.50 = $3.50
c. $.25 – $.75 + $1.00 x $1.50 = $.75
d. $.25 + $.75 + $1.00 ? $1.50 = $1.33
b. $.25 + $.75 + $1.00 + $1.50 = $3.50
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Indicate whether the statement is true or false
A firm that acquires a substitute product can try and reduce inter-product cannibalization by
a. Doing nothing b. Repositioning its product or the substitute so that they do not directly compete with each other c. Pricing each product at the same level d. Raising prices on the low-margin products
A look at the historical data indicates that velocity for M1
a. has been more variable than the velocity for M2, but both have been fairly constant for the past 65 years. b. and M2 have both trended downward, but velocity for M2 has been more erratic than velocity for M11. c. has been fairly constant for the past 65 years, but velocity for M2 has trended downward. d. has trended upward in the past 65 years, but velocity for M2 has been more constant.
Khalid’s country is small and lacks abundant natural resources. Which of the following is most likely true about economic growth in Khalid’s country?
a. Khalid’s country should have economic growth at approximately the same rate as a country with abundant natural resources. b. Meaningful and sustained economic growth is highly unlikely for Khalid’s country. c. The lack of natural resources poses an obstacle to initial development, but the country’s economy can still grow. d. Khalid’s country will remain poor even if its neighbors enjoy economic growth and prosperity.