When you are selecting a new location for a second office this decision would be considered
a. hard
b. programmed
c. nonprogrammed
d. geocentric
Ans: c. nonprogrammed
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Assume an economy produces only hamburgers and hotdogs and the base year is 2005. Quantity producedPrices 2005200620052006Hamburgers2,0003,0002$3Hotdogs3,0004,0001$1.50Given the data in the table above, what is the value of nominal GDP in 2006?
A. $15,000 B. $10,500 C. $ 5,000 D. $ 7,000
Your textbook authors argue that, other things constant, entrepreneurs respond to a fall in interest rates by
A) paying less attention to long term profitability. B) engaging in irrational business behavior. C) investing in capital goods. D) making all of the above choices.
In Figure 10-5 above, suppose that the level of government expenditures increases. This causes a movement of the steady-state point such as from points
A) A to B. B) D to B. C) D to C. D) A to C. E) A to D.
"Hot money" is
a. funds that can be moved from one type of investment to another on very short notice. b. money that is stolen and used to buy financial instruments. c. money that is used by a central bank when a currency is appreciating, or becoming "hot.". d. funds that are being saved by a financial institution for good or "hot" times. e. money earned from very high-risk investments in less developed countries.