Exam 16: Combining Micro and Macro Analysis for Managerial Decision Making

In the study of the demand for fast food, the authors measure the targeting of fast food to children and differential consumption by other age groups by including what variables in the demand function?

In addition to the presence of NAFTA, Mexico was attractive for foreign direct investment due in part to:

If a good is price inelastic, a decrease in price will:

Wal-Mart's market strategy in Mexico has been to segment the market by:

To cut costs in the face of declining demand and increased competition, many fast food restaurants have focused on reducing labor costs.

Worker's remittances from the U.S.:

In the study of the demand for fast food, the variables gasoline consumption per capita and population density were included as:

In general, large current account deficits have to be financed by:

In Fall 2008, China announced an:

The Chinese policy of one child per family provided McDonald's the opportunity to actively market to:

The Pacto plan reduced inflation; however, the nominal exchange rate-based stabilization resulted in:

An upward shift of the average product and marginal product curve means an upward shift of the average cost curves.

How did China deal with the inflation in 2007?

In 2001 and 2002, McDonald's tried to improve the quality of its service by hiring mystery shoppers to evaluate service, cleanliness, and food quality.

In the study of the demand for fast food, the researchers based the study on the concept that consumers react to:

In the U.S., Happy Meals accounted for 20 percent of McDonald's revenue.

In 2008, Chinese authorities were concerned with raising interest rates to combat inflation because:

In the study of the demand for fast food, the price elasticity of demand was estimated to be:

In the study of the demand for fast food, the income elasticity of demand was estimated to be:

Increases in both labor and capital productivity will result in: