The notion of creative destruction suggests that
A. people are not well-trained enough to keep the jobs they have.
B. people need to lose their jobs involuntarily to seize better opportunities.
C. it is always easier to scramble an egg than to unscramble one.
D. people are generally lazy and that losing a job shakes them out of that.
Answer: B
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In profit centers
a. Managers are difficult to evaluate because there is no simple metric of how well they performed b. Managers typically do not have the information to run their division efficiently c. Managers' decisions rarely affect other divisions d. Managers typically have ample incentives to run their division efficiently
Which of the following was the reserve currency under the gold exchange standard?
a. U.S. dollar b. Euro c. Great Britain pound d. Australian dollar e. Deutsche mark
If a country has a trade surplus
a. it has positive net exports and positive net capital outflow. b. it has positive net exports and negative net capital outflow. c. it has negative net exports and positive net capital outflow. d. it has negative net exports and negative net capital outflow.
An increase in the demand for a product and a reduction in its costs of production would:
A. Decrease the profits of producers B. Encourage firms to leave an industry C. Encourage firms to enter an industry D. Cause a shortage of the product