Author Question: One reason a computer manufacturer may make its own microchips rather than buy them is that a. it ... (Read 53 times)

Deast7027 · **on:** Jun 30, 2018

One reason a computer manufacturer may make its own microchips rather than buy them is that
a. it can maintain control over the quality during production
b. the total cost of components is the same as the price of chips purchased from a chip manufacturer
c. firms do not make high-quality microchips
d. managers at the computer firm place a high value on their time
e. firms do not produce goods for the market that can be made in-house

Question 2

When the international financial system operated under the gold standard,
a. the currencies of most countries were convertible into gold
b. all international transactions were financed with gold
c. the price of gold was determined by the supply and demand for foreign exchange
d. the quantity of money demanded was always the same
e. there was very little inflation