The manager of View Your World, a high-end window manufacturer, notices that the cost to distribute their windows in the spot market has fallen. As a result of the change, which of the following is true?
A) The manager has more of an incentive to integrate backward.
B) The manager has less of an incentive to integrate backward.
C) The manager has more of an incentive to integrate forward.
D) The manager has less of an incentive to integrate forward.
D) The manager has less of an incentive to integrate forward.
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The inflation rate that is used to set the money wage rate and other money prices is the
A) actual inflation rate. B) cost of living inflation rate. C) natural inflation rate. D) expected inflation rate. E) wage inflation rate.
The market where one currency is converted into another currency is called the ________ market
A) stock B) bond C) derivatives D) foreign exchange
An inflationary gap occurs when aggregate expenditures are too high to achieve full employment
a. True b. False Indicate whether the statement is true or false
One of the reasons that communism failed in the Soviet Union is that, under communism:
a. no one had property rights, so there was little incentive to use resources efficiently. b. there were high rates of unemployment and homelessness accompanied by a high rate of inflation. c. planners did not have all the information necessary to make efficient decisions. d. there was a high degree of political freedom. e. there was a high degree of economic freedom.