One World View article is titled "Glaring Inequalities." Of the countries listed, the greatest inequality in the distribution of income is likely to occur in
A. Canada.
B. Namibia.
C. Sweden.
D. The United States.
Answer: B
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Suppose a manager is deciding whether or not to purchase a piece of equipment to make an input internally and has completed the majority of the net present value (NPV) calculations. The manager has correctly calculated the NPV to be equal to: NPV = ($1.082 × Q) - $200,000, where Q is the annual quantity of the input the firm needs. If the firm needs 175,000 units of the input each year, the
manager ________ buy the equipment because the NPV is ________. A) should; positive B) should not; negative C) should; negative D) should not; positive
Since the 1960s, most U.S. foreign aid has been administered through the:
a. United States Agency for International Development. b. United Nations. c. United States Treasury. d. United States Agency for Foreign Intervention.
The incentive problem within the modern corporation is that the:
A. decision makers have stronger incentives to use assets productively than in small business where there is no separation of ownership and control. B. decision makers have weaker incentives to use assets productively than in small business where there is no separation of ownership and control. C. decision makers have stronger incentives to use assets productively than in small business where there is big separation of ownership and control. D. decision makers have weaker incentives to use assets productively than in small business where there is a big separation of ownership and control.
Official data may overstate the extent of poverty because
A. poverty is a relative concept as opposed to an absolute concept. B. it does not add “in-kind” transfers to the incomes of the poor. C. it overstates the taxes paid by the poor. D. it overestimates the amount the poor earn in the “underground economy.”