The assumption that firms meet the demand for their products at preset prices is the key assumption upon which ________ is built.

From 1950-1970, labor productivity growth in the Soviet Union was driven primarily by

A) capital accumulation. B) population increases. C) total factor productivity. D) Capital, population increases, and total factor productivity contributed about equally to labor productivity growth.

Value maximization means

A) that managers make decision so as to increase the long-run market value of the financial claims on the firm. B) that a firm should make products that have the highest price. C) that managers make decision so as to increase the short-run market value of the financial claims on the firm. D) all of these choices.