A sole proprietorship is the type of business that has ________ government rules and regulations affecting it
A) only federal B) the fewest C) the most D) no
B
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Monopolists can make an economic profit in the long-run because of barriers to entry
Indicate whether the statement is true or false
Work is an attractive use of your time
a. if the utility of consumption made possible by work exceeds the disutility of work itself b. whenever you are paid a wage equal to or greater than the minimum wage c. whenever you derive utility from the consumption made possible through work d. unless time spent working is a source of disutility e. only when marginal utility is negative for an additional unit of leisure
Some companies resolve service failures so successfully that customer satisfaction actually increases following a disruption. What is this known as?
a. Service recovery paradox b. Emergency relief system c. Customer satisfaction paradigm d. Efficiency planning
Refer to the information above. The real exchange rate (from the United States' perspective) is
A) .625. B) .8. C) 1.6. D) 2.0. E) none of the above