Moving away from the contract curve will
A) harm both parties.
B) harm only one of the parties.
C) harm at least one of the parties.
D) harm neither of the parties.
C
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Which of the following is a reason behind Wal-Mart's success?
a. Absence of unionization and encouragement of merit-based promotions. b. Complete control over the market price. c. Presence of regional managers in the field rather than at headquarters. d. Centralized control and inspection over the functioning of store managers.
Automatic stabilizers are fiscal policy measures that
A. do not require new legislation. B. must be determined by the Congress in each budget. C. are part of discretionary fiscal policy. D. are determined by the Federal Reserve System.
Lowering the interest rate will
A) decrease spending on consumer durables. B) increase investment projects by firms. C) decrease spending on new homes. D) decrease the value of the dollar and lower net exports.
You enter a store and buy a bottle of soda. Do you usually receive consumer surplus?
A) Yes, because you wouldn't buy the soda if your willingness to pay would be less than the price. B) Yes, because you are thirsty. C) No, because you value other drinks more. D) No, because you have less money after the transaction.