Crucial assertions in the menu-cost literature are that those costs ________ be large for them to have an effect on firms' pricing, while potential total welfare losses ________ menu costs that have been avoided
A) need not, may be several times larger than
B) need not, are generally much less than
C) must, may be several times larger than
D) must, are generally much less than
A
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Prices of industrial products and wages tend to be the most "flexible."
Indicate whether the statement is true or false
To calculate GDP using the income approach, add:
a. indirect business taxes and Social Security taxes. b. capital depreciation and Social Security taxes. c. indirect business taxes and personal taxes. d. indirect business taxes and depreciation. e. compensation of employees, rents, profits, net interest, indirect business taxes, and depreciation.
Senator Noitall says that in order to help poor countries develop, the United States should: 1 . Encourage poor countries to allow U.S. and other foreign firms to build and operate businesses in their country; 2 . Reduce or eliminate subsidies to U.S. producers when poor countries have a comparative advantage producing goods the U.S. subsidizes; 3 . Work to promote political stability in poor
countries; and 4 . Reduce poor countries reliance on market forces in their economies. How many of these ideas are likely to help poor countries grow? a. 1 b. 2 c. 3 d. 4
When a supervisor asks for opinions in making decisions
a. situational leadership b. participative leadership c. autocratic leadership d. laissez faire leadership