Which of the following is true?

a. Decision making should never be centralized
b. When decentralizing decision making, figure out a way to transfer information to the decision maker
c. When decentralizing decision making, strengthen incentive compensation schemes
d. When decentralizing decision making, weaken incentive compensation schemes

c

Economics

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The price elasticity of demand for Kellogg's Raisin Bran is larger in absolute value than the price elasticity of demand for all breakfast cereals

Indicate whether the statement is true or false

Economics

Suppose that banks pay 4 percent interest on checking accounts while U.S. Savings Bonds pay 6 percent interest. Under these conditions

A) no nonmonetary assets are willingly held. B) a combination of money and nonmonetary assets are willingly held. C) no money balances are willingly held. D) we do not have sufficient information to tell whether or not any money balances are willingly held.

Economics