What will cause outward shift of the Demand curve for electricity?
a. decrease in price of electricity
b .increase in price of A/C
c. Increase in price of heating oil
d. decrease in price of natural gas
e. increase in price of electricity
c. Increase in price of heating oil
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One of the reasons for the growth performance of free-market economies is firms’ use of innovation to compete with one another.
Answer the following statement true (T) or false (F)
Which of the following is a problem in pursuing monetary policy?
A) The lag between a change in the quantity of money and its effect on economic activity may be long. B) The Fed must reveal to the public anytime the Fed changes its policy. C) Monetary policy must be approved by the Congress. D) The Fed cannot control the federal funds rate. E) None of the above answers is correct.
The features of the U-Form of firm organization are
a. workers have trouble developing a high degree of functional expertise b. it is difficult for employees to share information across positions within a division c. employee evaluation is simplified by managers having similar skill sets than workers d. coordination across divisions is simple and does not take much management time
A monopoly coffee shop is deciding on a menu of different cup sizes to sell to a population of consumers, some of whom are high demanders and some low demanders. How would the optimal menu differ depending on whether the consumers can be observably separated into the different types or not?
a. The menu is unaffected by type observability. b. If types aren't observable, the large cup size should be increased to separate the high demander. c. If types aren't observable, the small cup size should be increased to make it more attractive to low demanders. d. If types aren't observable, the small cup size should be reduced to make it less attractive to high demanders.