The grapevine of the organization is everything BUT
a. formal
b. generally accurate
c. verbal
d. exists in every organization
Ans: a. formal
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Which of the following is true for both perfect and monopolistic competition?
A) Firms produce a differentiated product. B) Firms face a downward sloping demand curve. C) Firms produce a homogeneous product. D) There is freedom of entry and exit in the long run.
A positive aspect of monopolies is that they may aid innovation in the marketplace.
Answer the following statement true (T) or false (F)
When there is an increase in the real interest rate in Japan, the Japanese yen will depreciate
a. True b. False Indicate whether the statement is true or false
Mary and Mike are twins who attended grammar school through college together. Both twins got jobs in the same department of an accounting firm. They both work equally hard and have received similar performance reviews. Mary earns $62,000 a year, and Mike earns $80,000 a year. Select the best explanation for this wage difference
a. Mary has less human capital than Mike. b. Mary has more human capital than Mike. c. Mike has been discriminated against because he is male. d. Mary has been discriminated against because she is female.