Humberto is the chief operational officer (COO) of the SodaSopa Company and currently serves on the board of directors of the Helium Company of America. Humberto is considered ________ of the Helium Company of America
A) a managing director B) an unpaid advisor
C) an outside director D) an inside director
C
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The government imposes a tax on an industry that produces goods creating a negative externality. Yet the industry produces more than the optimum quantity of output. This means
A) the tax is more than the external cost associated with the product. B) the tax is less than the external cost associated with the product. C) the company should advertise the product more. D) the company should increase the production of the product.
If one added up the value of all intermediate goods that went into the production of real GDP, the total value of intermediate goods would be
A. Equal to the GDP. B. Greater than the GDP. C. Less than the GDP. D. None of the choices are correct.