The American economy is now characterized as a(n) ____ economy.
A. industrial
B. centralized
C. service
D. stagnant
E. bureaucratic
Answer: C
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Referring to the textbook's example of Babe Ruth, Ruth switched from being a pitcher to being an outfielder and batter because of the
a. principle of absolute advantage. b. principle of comparative advantage. c. desire to be a mercantilist. d. concept of economies of scale.
Which is a sign of polythink?
A. inability to reach a decision B. failure to revisit earlier proposals C. more leaks of information to outsiders D. all of these
Product-oriented layouts tend to have high levels of work-in-process inventories
Indicate whether the statement is true or false
According to the basic capital structure theory proposed by Modigliani and Miller (MM), when will a firm's value be maximum??
A. ?When it is financed entirely through equity B. ?When it is financed 50 percent through debt and 50 percent through equity C. ?When it is financed entirely through its retained earnings D. ?When it is financed 100% through debt E. ?When it is financed 50 percent through equity and 50 percent through its profits