Natural disasters like severe earthquakes are devastating to the economy as well as to the individuals harmed due to
A. demand shocks.
B. demand-pull inflation.
C. demand-pull deflation.
D. supply shocks.
Answer: D
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The limited liability enjoyed by Jitters Coffee Company Corporation is a benefit that protects
A) its employees. B) its Board of Directors. C) its stockholders. D) all of the above
Under the bimetallic standard of the 19th century,
a. gold was initially valued at about 15 times that of silver. b. price fluctuations of gold and silver eased the adoption of the system. c. price fluctuations caused hoarding of undervalued coins. d. Both a and b are correct. e. Both a and c are correct.
If the demand for a good is perfectly inelastic, then:
a. the value of price elasticity of demand of the good is equal to 1. b. the value of price elasticity of demand of the good is equal to -1. c. the demand curve of the good is nonexistent. d. consumers are very responsive to a change in the price of the good. e. quantity demanded does not change when price of the good changes.
Network organizations depend upon
A. decentralization of operating decisions to the business-unit level. B. work groups and specific projects without any formal lines of authority. C. formal lines of authority. D. intersecting lines of authority.