Technological efficiency, defined in terms of completely objective relationships,
A) has no useful meaning.
B) influences the decisions of engineers but not of business executives.
C) influences the decisions of engineers but not of economists.
D) is more important in the long run than in the short run, where profitability tends to dominate decisions.
A
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The estimated cost of automobile jobs saved due to limitations on foreign autos is $105,000 per job. Why is there a cost to saving jobs through protectionism?
Jenny took out a loan of $27,000 from All Union Bank. She deposited the amount in her savings account in Smith and Kim Bank. In the given scenario, which of the following statements is true? a. $27,000 will be an asset for Smith and Kim Bank, while $27,000 will be a liability for All Union Bank. b. $27,000 will be a liability for Smith and Kim Bank, while $27,000 will be an asset for All Union
Bank. c. $27,000 will be an asset for both Smith and Kim Bank and All Union Bank. d. $27,000 will be a liability for both Smith and Kim Bank and All Union Bank.