When the U.S. economy hits a recession, fiscal policy automatically becomes:
A. contractionary because average tax rates go down and spending on welfare programs goes up.
B. expansionary because average tax rates go down and spending on welfare programs goes up.
C. discretionary because the government is quick to react to changes in the business cycle.
D. contractionary because average tax rates go up and spending on welfare programs goes down.
Answer: B
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An example of organizational architecture based on customer location is when divisions are defined as
a. R&D, Engineering, Production, Marketing, Sales b. Component 1 Plant, Component 2 Plant, Component 3 Plant, Final Assembly c. Store 1, Store 2, Store 3, Region A, Region B, Sales Division d. Business Customers, Educational Customers, Household Customers
Approximately how many different national currencies exist in the world today?
a. more than 150 b. more than 5,000 c. 12 d. 535
Four possibilities have probabilities 0.4, 0.2, 0.2 and 0.2 and values $20, $20, $40, and $40 respectively. The expected value is:
a. $22 b. $24 c. $26 d. $28
A nondiscriminating monopolist will find that marginal revenue:
A. is less than average revenue or price. B. is identical to price. C. exceeds average revenue or price. D. is sometimes greater and sometimes less than price.