U.S. imports are
a. not added to U.S. GDP because they are produced abroad
b. added to U.S. GDP because they are consumed domestically
c. added to U.S. GDP because they represent an increase in inventories
d. added to U.S. GDP as government purchases because the government decides what goods may be imported
e. not added to U.S. GDP because they are intermediate goods
A
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Which of the following would best describe the demand curve faced by a monopoly firm?
A) horizontal line at the market price B) vertical line at the output level C) same as the market demand curve D) same as the perfect competitor's demand curve
As a result of moving more decision making from the center toward the periphery of the organization, typically
a. the flow of information to the decision maker that is relevant to the decision should be enhanced b. the flow of information from the decision maker that is relevant to the decision should be enhanced c. the incentives to make good decisions should be strengthened d. the procedures for the flow of information that is relevant to the decision can be relaxed