The recession of 1937-38 could be blamed on
A. the Roosevelt Administration's deficit spending.
B. the Roosevelt Administration's attempt to balance the budget.
C. the Federal Reserve's driving down interest rates.
D. a large tax cut.
B. the Roosevelt Administration's attempt to balance the budget.
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You are planning to open a new Italian restaurant in your hometown where there are three other Italian restaurants
You plan to distinguish your restaurant from your competitors by offering northern Italian cuisine and using locally grown organic produce. What is likely to happen in the restaurant market in your hometown after you open? A) Your competitors are likely to change their menus to make their products more similar to yours. B) While the demand curves facing your competitors becomes more elastic, your demand curve will be inelastic. C) The demand curve facing each restaurant owner becomes more elastic. D) The demand curve facing each restaurant owner shifts to the right.
A firm that faces a high-demand period followed by a low-demand period must determine all of the following for peak-load pricing except which one?
A) long-term peak quantity B) long-run capacity C) short-term off-peak price D) short-term peak price
Supplier power tends to be low when
a. Suppliers are less concentrated b. Inputs provided by the supplier are not vital c. Inputs are less differentiated d. All the above
Which of the following factors would be considered by a fundamental analyst when predicting a firm's stock price?
a. recent changes in the stock's price b. the knowledge and skills of the firm's current management c. the marketing strategies of the firm's competitors d. a "head and shoulders" shape in a line graph of the firm's stock price e. both b and c