Why is the automobile industry an oligopoly?
A) because of the role of international cartels
B) because of rules made by the World Trade Organization
C) because it is capital intensive and has high start-up costs
D) because it is highly regulated and subsidized by the U.S. federal government
E) because of the role of international labor unions
C
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Which of the following will be most impacted by President Obama's first climate change policy?
a. coal-fired power plants b. liquid propane companies c. auto industry d. ethanol industry
What is one effect of urbanization?
A. Birth rates are higher in the overall population. B. The concentration of people helps to preserve biodiversity. C. Infant mortality rates are higher in urban areas. D. Recycling is less economically feasible. E. More emissions are produced from the use of mass transportation.
Which of the following is viewed as a fundamental building block of the U.S. economic way of thinking?
A. the principle of setting high toxic emission limits to preserve a healthy environment B. the belief that industry must be allowed to prevail over the environment C. the needs of both parties to a voluntary exchange must be completely satisfied D. the principle that a system of voluntary exchange benefits both parties
Shale is usually metamorphosed into ________
A) slate B) marble C) gneiss D) basalt E) tufa