A tax is imposed on orange juice. Consumers will bear more of the burden of the tax:
a. If the demand for orange juice is relatively inelastic and the supply is relatively elastic.
b. If the demand for orange juice is relatively elastic and the supply is relatively inelastic.
c. If the supply for orange juice is perfectly inelastic

The features of the M-Form of firm organization are

a. divisions have difficulty responding to market changes b. it is difficult to maintain customer relationships c. there is less coordination across the firm's divisions d. evaluating employees is easier because managers typically are similarly trained

Describe the mainstream view of self-correction in the economy.

What will be an ideal response?