Hudson Manufacturing is an MNE based in the United States with operations in Asia. The firm is considering expansion into the European Union. Executives at the firm are debating whether central Europe or Eastern Europe would be best for the firm. Which of the following best supports a decision to establish operations in Eastern Europe?
A) Hudson wants to implement a high-performance work system.
B) Hudson plans to staff the foreign facility with local managers.
C) Hudson wants to minimize costs by keeping wages low.
D) Hudson recently lost money in a joint venture.
C) Hudson wants to minimize costs by keeping wages low.
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In the above table, what is the marginal revenue product of the 4th worker?
A) $92 B) $70 C) $40 D) $8
When the Fed buys a U.S. government security:
a. the volume of loans issued by the banking system increases and investment will tend to increase. b. the volume of loans issued by the banking system increases and investment will tend to decrease. c. the volume of loans issued by the banking system decreases and investment will tend to increase. d. the volume of loans issued by the banking system decreases and investment will tend to decrease.
The Secretary of Labor states that wage rates in the country have risen by 2 percent this past year. The head of a local labor union states that wage gains have not kept pace with the 3 percent rate of inflation. The Secretary's statement is a (n) ____ economic statement, and the labor head's statement is a (n) ____ economic statement.
A. normative; normative B. normative; positive C. positive; normative D. positive; positive
Refer to the above figure. Excess quantity demanded will exist when
A. quantity demanded equals 3. B. the price equals $10. C. the price equals $6. D. the price is between $0 and $6.