If a manager who does not own a company is allowed to make decisions for the company, then
A. the decisions will usually be effective.
B. the manager usually assumes the same position as the owner.
C. a control system of rewards and evaluation must be set up.
D. inappropriate decisions will be taken.
Answer: C
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Refer to Table 2-2. According to the law of comparative advantage, both Honduras and Nicaragua could gain if
a. Honduras produced all of the apples and oranges and Nicaragua did not produce anything. b. Honduras specialized in producing apples, Nicaragua specialized in producing oranges, and they traded. c. Honduras specialized in producing oranges, Nicaragua specialized in producing apples, and they traded. d. Nicaragua and Honduras were both were self-sufficient and did not trade.
A nominal anchor helps policy makers to avoid ________
A) adaptive expectations B) constrained discretion C) negative demand shocks D) the time-inconsistency problem
Which of the following is NOT a characteristic or focus of microeconomics?
A) individual consumers. B) analysis of aggregate economic variables C) firm behavior D) individual markets
The figure below shows the domestic demand (Dd) and domestic supply (Sd) curves of mopeds in a country before an import quota is imposed by the government. After the imposition of the quota, the maximum import quantity is QQ.
If the government auctions the quota licenses, how much will it collect as revenue?
A. $76.5 million B. $45 million C. $72 million D. $31.5 million