Organizational architecture varies from firm to firm. The three important external determinants of a firm's administrative structure are
A. government regulation, technology, and decision rights.
B. decision rights, rewards, and technology.
C. government regulation, technology, and markets.
D. decision rights, rewards, and evaluation systems.
Answer: C
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Suppose the Okun's law coefficient is 2, the full-employment level of output is $5000 billion, and the natural rate of unemployment is 6%
(a) What is the current level of output if the current unemployment rate is 8%? (b) Suppose the unemployment rate falls to 5%; what is the current level of output? (c) Suppose structural changes in the economy raise the natural rate of unemployment to 7%, and lower the full-employment level of output to $4800 billion. If the current unemployment rate is 8%, what is the current level of output?
If income increases, then with regard to expensive cuts of steak, it is likely that the demand curve:
a. shifts to the right. b. shifts to the left. c. becomes steeper. d. does not change. e. becomes flatter.
The reason poor, young, unmarried women allow themselves to get pregnant is so they can get on welfare, according to conservatives like ____________.
Fill in the blank(s) with the appropriate word(s).
Diseconomies of scale
A. exist when long-run average cost increases as output increases. B. exist when fixed cost increases as output increases. C. result eventually as the firm uses more and more labor with a fixed capital stock. D. both a and b E. all of the above