One of the problems with making all the decisions at the top of a business organization is the costliness of
A. advanced technology.
B. specific information.
C. market power.
D. general information.
Answer: B
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The duration of a coupon bond increases
A) the longer is the bond's term to maturity. B) when interest rates increase. C) the higher the coupon rate on the bond. D) the higher the bond price.
Which of the following is a basic difference between the classical model and the Keynesian model in which the Keynesian short-run aggregate supply curve exists?
A) The classical model assumes that the long run aggregate supply curve is vertical, while the Keynesian model assumes the long run aggregate supply curve is horizontal. B) The classical model assumes that the position of the long run aggregate supply curve is determined by full employment, while the Keynesian model assumes that the long run aggregate supply curve will be to the left of full employment. C) The classical model assumes that the level of real GDP is supply determined, while the Keynesian model assumes that it is demand determined. D) The classical model uses real GDP, while the Keynesian model uses nominal GDP.
Empirical evidence across numerous countries indicates that changes in the ________ are associated with nearly equiproportional changes in ________
A) money supply, real GDP per year B) money supply, price level C) price level, money supply D) real GDP per year, income velocity of money
Along a linear or straight-line demand curve, demand is more elastic at higher prices.
Answer the following statement true (T) or false (F)