What factors determine how centralized or decentralized the decision-making in an organization should be?
The determining factors are the firms methods of production and the markets in which it operates. If the firm is diversified and operates in many markets, decentralization of decision-making is likely to be more efficient.
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The loss to society resulting from a tax includes the
A) deadweight loss. B) consumer surplus paid to the government in the form of tax revenue. C) producer surplus paid to the government in the form of tax revenue. D) deadweight loss plus the consumer surplus and producer surplus paid to the government as tax revenue. E) deadweight loss minus the tax revenue collected by the government.
Gross domestic product includes all
a. legal and illegal final goods, but it excludes all legal and illegal final services. b. legal and illegal final goods and all legal and illegal final services. c. legal final goods and services, but it excludes illegal final goods and services. d. legal and illegal final goods and legal final services, but it excludes illegal final services.