A variable that tends to move at the same time as aggregate economic activity is called
A. a leading variable.
B. a coincident variable.
C. a lagging variable.
D. an acyclical variable.
Answer: B
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One of the methods of reducing the geographical disadvantage faced by poorer countries is:
A) by moving to a socialist economic system. B) by undertaking large-scale disease eradication programs. C) by borrowing financial resources at market interest rates. D) by reducing participation in international trade.
Some companies follow a strategy of sales maximization. They say that this puts them in close touch with their customers and they can better track the market, responding to needs more quickly. However, this increases costs because of the need to stock a wider variety of parts, sizes, colors, etc. What would make this strategy a profit-maximizing one?
What will be an ideal response?
When considering voting options, if option X beats Y, and Y beats Z, then transitivity says that:
A. Z beats X. B. X beats Z. C. Z beats Y. D. Y beats X.
Which of the following markets has the most restrictive geographic boundary?
A The market for retail gasoline B The market for gold C. The market for beef D The market for housing