Because most people prefer smartphones to flip phones, firms can improve efficiency by
A. stopping production of flip phones and starting production of smartphones.
B. starting production of flip phones and stopping production of smartphones.
C. stopping production of both flip phones and smartphones.
D. increasing production of both flip phones and smartphones.
Answer: A
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Which of the following is not a threat to bricks-and-mortar video rental stores?
a. on-demand movies delivered by broadband cable b. rental services that deliver DVDs by mail c. digital movies and TV shows available on Wal-Mart's Web site d. None of the answers is a threat. e. All of the answers are threats.
During periods of inflation, the real value of a given amount of nominal dollars decreases
a. True b. False Indicate whether the statement is true or false