X-inefficiency refers to a situation in which a firm:

A) is not as technologically progressive as it might be.
B) encounters diseconomies of scale.
C) fails to realize all existing economies of scale.
D) fails to achieve the minimum average total costs attainable at each level of output.

Statement I: According to the rational expectations theory,the prime economic mover is aggregate supply,not aggregate demand.
Statement II: Unlike the "old" classical economists of the 19^th century,the rational expectationists of today believe that government intervention to affect aggregate demand is sometimes necessary.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

The big increase in the U.S.trade deficit in the mid-1970s was mainly due to __________.

__________ can solve problems with a positive combination of functional expertise and integrative or total systems thinking.

A) Cross-functional teams
B) Self-directed teams
C) Cross-departmental teams
D) Virtual teams
E) Statutory teams

You want to run a difference-in-difference experiment with a price increase for your lawn chairs in Miami,FL.If you are worried about "leakage" with your control group,a poor comparison city would be

A) ​Boston,MA
B) San Francisco,CA
C) St.Paul,MN
D) ​Tampa Bay,FL

Students who are married and have children should NOT

A) develop strong time-management skills.
B) find out what child care resources the school offers.
C) work hard at paying attention to their spouses' needs.
D) strive to keep their academic life completely separate from their family life.

Information that shows the steps required to produce a product is called which of the following?

A) routing
B) sequencing
C) dispatching
D) controlling