The concentration ratios for various industries in the United States are comparable to those in other modern industrial economies
Indicate whether the statement is true or false
T
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The European Commission is the European Union's ultimate decision-making body and is composed of the different ministers of the member countries.
a. true b. false
Suppose that you decide to purchase either stocks or bonds of a particular corporation and you also prefer to receive some returns from the securities every year. Which should you buy - stocks or bonds? Why?
What will be an ideal response?
The supply-and-demand model may not be appropriate in markets with large transaction costs
Indicate whether the statement is true or false
Because government services are not sold in markets,
A. taxes are used to value their contribution. B. the government tries to estimate their market value and uses this to measure the government's contribution to GDP. C. they are valued at their cost of production. D. they are excluded from measurements of GDP.