Suppose you have just been hired as a management consultant by a major oil company to help it optimally price gasoline at its service stations. In your first presentation to? management, how would you describe your planned methodology to perform the? analysis?
A.Management consulting method.
B.Price discrimination method.
C.Economic method.
D. Scientific method.
D. Scientific method.
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Admission to the Euro required in 1997 that a country's government deficit not exceed ________ percent of GDP
A) twenty B) fourteen C) seven D) three
Which of the following is evidence of an ineffective cartel?
a. Output changes are dictated by changes in demand. b. Price changes are dictated by changes in demand. c. Members do not agree on output quotas. d. All of these.
The vertical portion of the aggregate supply curve shows that at full employment an increase in the price level will:
a. not alter the economy's full-employment real GDP. b. increase the economy's full-employment real GDP. c. reduce the quantity of goods and services purchasers will demand. d. improve the overall efficiency of resource use.
Assume that the expectation of a recession next year causes business investments and household consumption to fall, as well as the financing to support it. If the nation has low mobility international capital markets and a fixed exchange rate system, what happens to the real risk-free interest rate and the monetary base in the context of the Three-Sector-Model?
a. The real risk-free interest rate falls and monetary base falls. b. The real risk-free interest rate rises and monetary base falls. c. The real risk-free interest rate falls and monetary base rises. d. The real risk-free interest rate and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.