Managers should concentrate on maximizing shareholder value alone if which of the following conditions are met?
a. complete markets
b. no significant asymmetric information
c. known recontracting costs
d. all of the above
e. none of the above
d
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According to the Bureau of Labor Statistics, a person who does not have a job but is currently available for work and has been actively looking for a job in the past four weeks is considered
A) unemployed. B) employed. C) not in the labor force. D) underemployed.
After an unexpected ________ in the price of oil, the long-run adjustment decreases the price level and ________ the unemployment rate as they return to their original levels
A) increase; increases B) increase; decreases C) decrease; decreases D) decrease; increases
Which of the following exemplifies a microeconomic question?
A. What is the current national rate of unemployment? B. Is the economy experiencing a decline in the rate of inflation? C. Will a new type of electronic reader or tablet increase the number of buyers? D. Is the aggregate output in the economy greater this year than last year?
According to Prebisch and other ISI theoreticians, countries should begin to shift their comparative advantage away from primary commodity production by first producing
A) industrial goods such as pumps and generators. B) complex consumer goods such as autos and appliances. C) advanced industrial goods such as chemical and electronics. D) simple consumer goods such as food products and textiles. E) minerals and agricultural products.