The largest component of gross domestic product is:
a. consumption expenditure.
b. investment expenditure.
c. government spending.
d. international spending.
a. consumption expenditure.
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Which of the following best illustrates a vertical merger
a. GM merges with Chrysler b. Nike merges with Kraft Foods c. Microsoft merges with Dell d. UPS merges with FedEx e. Apple merges with IBM
Which would be least likely to cause the production possibilities curve to shift to the right?
a. An increase in the labor force. b. Improved methods of production. c. An increase in the education and training of the labor force. d. A decrease in unemployment.
Which of the following is a component of the Bipartisan Campaign Reform Act?
a. Requiring the disclosure of campaign contributor names b. Making federal funds available to presidential candidates c. Limiting the number of campaign ads that can be run on television d. Removing the ban on union contributions to political parties
The difference between iron ore deposits and the steel produced from these deposits that is later used to make factory equipment illustrates the difference between:
A) labor and a natural resource. B) labor and capital. C) a natural resource and capital. D) a natural resource and entrepreneurship.