In the 1970s, the largest steelmakers were slow or failed to adopt quickly the latest technology: oxygen furnaces. Some researchers blame
(a) the federal government for its enterprise-crippling policies, subsidies and
import restrictions.
(b) unions for their low productivity efforts and high wage demands.
(c) management for not keeping abreast of global changes in the marketplace.
(d) all of the above.
(d)
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In his second term, President George W. Bush revived his earlier proposal to
A. eliminate entirely the Social Security taxes paid by employers. B. place some Social Security taxes of young workers in private accounts under their control. C. place all Social Security taxes of young workers in private accounts under their control. D. reduce by one-half the Social Security tax rates on employers.
Which of the following would be most likely to result in stagflation?
A. Worker training programs. B. Lower illiteracy rates. C. Growth of human capital. D. Increased government regulations on industry.
Price ceilings are illegal in the United States
Indicate whether the statement is true or false
The theory that there is no predictable trends in securities prices is the
A) opportunity cost of capital. B) random walk theory. C) capital reinvestment. D) present value.