The ________ model suggests that that the productivity of employees in a firm will increase if the firm offers lifetime employment and a high salary.
A. happy-is-productive
B. good-citizen
C. only-money-matters
D. product-of-the-environment
Answer: A
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Which of the following statements about the importance of trade to the U.S. economy is false?
A) The U.S. economy is highly dependent on international trade for growth in its gross domestic product. B) Overall, about 20 percent of U.S. manufacturing jobs depend directly or indirectly on exports. C) The United States is the second largest exporter in the world. D) Since 1970, both exports and imports have steadily increased as a fraction of U.S. gross domestic product.
If an increase in production costs (say, an increase in the wage rate) results in an upward shift in the MC curve, but the MC curve still passes through the MR gap created by the kinked demand curve, then the oligopolist will respond to that increase in production costs by
a. keeping price and output the same b. raising price and decreasing output c. lowering price and increasing output d. raising price and raising output e. lowering price and lowering output
One effect of the Internet on business has been:
a. It has reduced start-up costs for many businesses. b. It has decreased the types of goods that are available to consumers. c. It has increased the prices of goods that are not purchased on the Internet.
Which of the following is/are not a characteristic of a perfectly competitive market?
A. a small number of firms in a market B. selling a standardized product C. no barriers to entry D. an individual firm having no control over price