Suppose that antonio, an economist from a research institute in texas, and caroline, an economist from a public television program, are arguing over budget deficits. the following dialogue shows an excerpt from their debate: caroline: most people recognize that the budget deficit has been rising considerably over the last century. we need to find the best course of action to remedy this situation. antonio: i believe that a cut in income tax rates would boost economic growth and raise tax revenue enough to reduce budget deficits. caroline: i actually feel that raising the top income tax rate would reduce the budget deficit more effectively. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? employers should not be restricted from outsourcing work to foreign nations. central banks should focus more on maintaining low unemployment than on maintaining low inflation. business managers can raise profit more easily by reducing costs than by raising revenue.

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.

What is the difference between secure bonds and naked bonds?

Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. what concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems?