An increase in the price of milk causes a decrease in the demand for cereal. The two products are

a.

substitutes.

c.

unrelated.

b.

complements.

d.

demand elastic.

Megan considered the median income and median value of homes in different cities to measure economic inequality. what is the unit of analysis in her study?

Which of the following does a firm possess when it can outperform other firms in the same industry or the industry average over a prolonged period of time?

A global strategy allows for: the leading companies to compete for the biggest share of the world market, but only occasionally compete head to head in different countries.

Discretionary fiscal policy a. may reassure investors and consumers that the federal government will be able to avert a major economic downturn. b. is not very effective in influencing real gdp during normal times because of time lags. c.

When managers of firms in a competitive market observe falling profits, they may infer that the market is experiencing a. a violation of conventional market forces. b. over-investment. c. the entry of new firms. d. too few firms in the market.

The following costs result from the production and sale of 4,450 drum sets manufactured by Tight Drums Company for the year ended December 31, 2019. The drum sets sell for $295 each. The company has a 30% income tax rate.

The person who receives financial protection from a life insurance plan is called a what?

In 1990, Roche, a Swiss pharmaceutical company, initially invested $2.1 billion to purchase a controlling interest in the biotech startup Genentech.

Five years ago, Weed Go Inc. earned $1.50 per share. Its earnings this year were $3.20. What was the growth rate in earnings per share (EPS) over the 5-year period? Group of answer choices a. 18.94% b. 18.04% c. 16.36% d. 17.18% e. 15.54%

The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation of $5,000. Refer to Exhibit 6-4.