"The United States has fallen behind Japan and most of Europe in terms of competitiveness." Do you agree or disagree? Why?
What will be an ideal response?
Disagree. According to the Institute for Management Development, the United States leads the industrial countries in international competitiveness.
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The Montreal Protocol is expected to save the ozone layer
Indicate whether the statement is true or false
According to economic analysis, the optimal quantity of pollution exists at the point at which the
A) total benefit of pollution control is equal to the total cost. B) marginal benefit of pollution control is equal to the marginal cost. C) level of pollution is at zero. D) level of pollution is acceptable to the society.
During the last sixty years, the broad stock market (Standard and Poor's 500 Index) yielded an average annual nominal rate of return of approximately ____ and real rate of return of approximately ____
a. 5 percent; 2 percent b. 10 percent; 7 percent c. 17 percent; 9 percent d. 9 percent; 17 percent
In 1961, seven companies in the ___________ industry were found guilty by the Supreme Court of illegal price-fixing and market-sharing agreements.
Fill in the blank(s) with the appropriate word(s).