Which of the following is true? a depression is a recession that is mild and relatively brief. the expansions and contractions of real world business cycles last varying lengths of time and often differ in magnitude. the timing of business fluctuations is regular and therefore easily predictable. during the contractionary phase of the business cycle, the rate of unemployment is generally quite low.

Which of the following is a disadvantage of equity alliances when compared to non-equity alliances? 1. they are reflective of weaker ties between firms.2. they do not permit the exchange of explicit knowledge.3. they are more likely to bring about lack of trust and commitment.4. they require significantly higher levels of investment.

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value

Why is efficiency an important economic goal?