Recall the Application. If the Federal Reserve was making a decision on changing interest rates
A) the Board of Governors would typically make an equally good decision as would the chairman acting on his own.
B) the Board of Governors would typically make a better decision than the chairman acting on his own.
C) the chairman, acting alone, would typically make a better decision than the Board of Governors.
D) neither the Board of Governors nor the chairman, acting alone, would tend to make accurate predictions.
B
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The features of the M-Form of firm organization are
a. divisions have difficulty responding to market changes b. it is easier to maintain customer relationships c. coordination across divisions is simple and does not take much management time d. evaluating employees is easier because managers typically are similarly trained
Objections to free trade
a. often come from those who are harmed by trade b. make no sense because everyone benefits from trade c. usually arise outside of the United States d. are not economically rational e. reflect a lack of understanding of the benefits of international trade