If the cost of groceries goes up by 10 percent this year, the amount of groceries you can buy for $50 decreases by that same 10 percent. This is an example of
A. a recession.
B. a decrease in purchasing power.
C. a decline in GDP.
D. a rise in GDP.
E. deflation.
Answer: B
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Conducting a pilot test of a survey instrument on a small group of a population:?
A) ?helps correct problems in clarity and leads to better response and quality of answers. B) ?seldom allows researchers to uncover factors that may affect results. C) ?completely eliminates the need to conduct an actual test on a larger sample group. D) ?shows misleading trends that may tamper with the validity of the study.
Economic espionage includes such activities as ________.
A. offering to accept all competitors' coupons, making their effectiveness as a promotional tool negligible B. marrying someone who works for a competitor in an executive position C. searching through a competitor's trash D. two firms hiring the same musician to write their company jingle E. hiring someone who worked in an executive capacity at a competitor's firm without a noncompete clause
The Toyota Production System requires that activities have built-in, automatic tests to signal problems
Indicate whether the statement is true or false
A company has a choice of whether to distribute dividends to common shareholders or to keep its profits in the company as retained earnings
Indicate whether the statement is true or false.