In profit centers
a. Managers are difficult to evaluate because there is no simple metric of how well they performed
b. Managers typically do not have the information to run their division efficiently
c. Managers' decisions rarely affect other divisions
d. Managers typically have ample incentives to run their division efficiently
d
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The difference between the equivalent variation and compensating variation is greater for goods with large income elasticities
Indicate whether the statement is true or false
Refer to the graph shown. According to the globalized AS/AD model, which world aggregate supply curve best represents the 2000s?
A. WAS0, and the United States had a large trade surplus. B. WAS1, and the United States had a small trade deficit. C. WAS2, and the United States had a small trade surplus. D. WAS3, and the United States had a large trade deficit.