Customer alliances are built upon which of the following?
a. Long-term focus
b. Senior leadership involvement
c. Cross-organizational teams are widely employed
d. Shared risks and rewards
e. Open communication and linked information systems
f. All of the above
f. all of the above
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When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; decline B. increase; raise; decline C. decline; lower; expand D. decline; raise; decline
Suppose an American worker can make 20 pairs of shoes or grow 100 apples per day. On the other hand, a Canadian worker can produce 10 pairs of shoes or grow 20 apples per day. When trade opens up, the United States should produce:
A. both goods, since they have an absolute advantage in both goods, and not trade. B. only shoes, since they have a comparative advantage in the production of shoes, and not trade. C. apples, since they have a comparative advantage in the production of apples, and not trade. D. only apples, since they have a comparative advantage in the production of apples, and trade for shoes.
In the short run, an increase in the money supply causes interest rates to
a. increase, and aggregate demand to shift right. b. increase, and aggregate demand to shift left. c. decrease, and aggregate demand to shift right. d. decrease, and aggregate demand to shift left.
Of the following, which good has the most elastic demand?
A) food B) breakfast food C) cereal D) Post Raisin Bran E) Post Raisin Brand purchased at a Safeway grocery store