How did McDonald’s attempt to address the cultural differences around the world in selling its product? What will be an ideal response? ANSWER For example, McDonald’s designed its restaurants in France to blend in with the local architecture as well as adding menu items appealing to the customers.
Date: September 10th, 2020
An increase in consumer confidence would shift the: A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward. ANSWER A
Date: September 10th, 2020
Goal independence is the ability of ________ to set monetary policy ________. A) the central bank; goals B) Congress; goals C) Congress; instruments D) the central bank; instruments ANSWER A
Date: September 10th, 2020
Give some examples of oligopolistic behavior among the major fast food companies. What will be an ideal response? ANSWER The companies typically match each other in terms of price cuts, cooking styles, and menu variety.
Date: September 10th, 2020
If a firm experiences constant returns to the variable input in the short run: A) marginal product will be greater than average variable product, but the two will become more equal as output increases. B) marginal product will be less than average variable product, but the two will become more equal as output increases. C) […]
Date: September 10th, 2020
In a(n) ________ market, dealers in different locations buy and sell securities to anyone who comes to them and is willing to accept their prices. A) exchange B) over-the-counter C) common D) barter ANSWER B
Date: September 10th, 2020
Which of the following statements about financial markets and securities is TRUE? A) Many common stocks are traded over-the-counter, although the largest corporations usually have their shares traded at organized stock exchanges such as the New York Stock Exchange. B) As a corporation gets a share of the broker’s commission, a corporation acquires new funds […]
Date: September 10th, 2020
For the firm in Figure 8.1, the profit-maximizing (loss-minimizing) price and level of output are: A) P2 and Q2. B) P1 and Q1. C) P4 and Q1. D) P3 and Q1. ANSWER C
Date: September 10th, 2020
A $1000 face value coupon bond with a $60 coupon payment every year has a coupon rate of A) .6 percent. B) 5 percent. C) 6 percent. D) 10 percent. ANSWER C
Date: September 10th, 2020
If a $1000 face value coupon bond has a coupon rate of 3.75 percent, then the coupon payment every year is A) $37.50. B) $3.75. C) $375.00. D) $13.75 ANSWER A
Date: September 10th, 2020
