One way to market a proposal for a new business venture, especially when architectural changes are ruled out and the opposition seems strong is to:
A. pretend that architectural changes will be made.
B. withdraw the proposal.
C. emphasize the level of crisis that exists inside the firm.
D. replace the Board of Directors.
Answer: C
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Discuss the relationship between the business cycle and changes in autonomous expenditures
What will be an ideal response?
The shape of the long-run industry supply curve in a perfectly competitive industry is largely determined by: a. the shape of the short-run industry supply curve. b. the price of inputs as the industry expands
c. the price elasticity of market demand. d. the shape of the average fixed cost curve.
The 2010 Health Care Reform Law, also known as "Obamacare", includes a part known as universal coverage which requires everyone to have health insurance. One reason for this is to address the problem of:
A. Moral hazard B. Externalities C. Adverse selection D. Public goods
How much is induced consumption?
C = $6.4 trillion Disposable income = $8 trillion Autonomous consumption = $4 trillion