A model that is based on the decisions of economic agents is known as
A. a rational-expectations model.
B. a decision-theoretic model.
C. a model with microeconomic foundations.
D. a fully compatible real business cycle model.
Answer: C
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Given that Carlson Corp's current ratio is 3 to 2, what is the effect of obtaining a patent from the inventor in exchange for shares of stock in Carlson Corp?
a. The current ratio would increase. b. The current ratio would decrease. c. The current ratio would remain the same. d. Unable to determine.
Which of the following steps of selling is performed right before demonstrating the capabilities of the firm and its products?
A. handling the indirect objections of customers B. determining customers' needs and wants C. recommending ways to satisfy customers' needs and wants D. servicing the account E. attempting to close the sale
Aliyah is an ambitious professional who wants to climb the corporate ladder, yet only 8 percent of top executives in her company are women. Aliyah can conclude that her company
A. is breaking the law. B. has a glass ceiling. C. is managing diversity well. D. uses affirmative action. E. will offer her advancement.
Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Direct materials are assigned to each job according to actual cost. If Job M-47 used $350 of direct materials and took 20 direct labor hours of labor to complete, what is the total cost that should be assigned to the job?
A. $380 B. $710 C. $590 D. $950 E. $600