Sound economic policy is policy that is consistent with
a. good intentions.
b. quick action and frequent policy changes until positive results are achieved.
c. monetary stability, free trade, and low tax rates.
d. saving jobs, protecting domestic industry, and increasing tax revenue.
C
Economics
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Why is judging trends in economic indicators important to managers?
What will be an ideal response?
Economics
Suppose at the current price, the demand for copper is estimated at -3.14. What happens to sales revenue if the government imposes a price ceiling slightly below the free market equilibrium price in the copper market?
A) Sales revenue falls. B) Sales revenue rises. C) Sales revenue remains unchanged because copper is a necessity for most industries. D) It cannot be determined without information on prices.
Economics