Indirectly, overvalued exchange rates in Latin America caused
A) a capital shortage in agriculture.
B) a capital shortage in industry.
C) a capital abundance in agriculture.
D) an increase in competitive pressures faced by industry.
A
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A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a
A) decrease in the demand for lettuce. B) decrease in the supply of lettuce. C) decrease in both the demand and supply of lettuce. D) rightward movement along the demand curve for lettuce.
As the definition of products narrows (i.e., becomes more specific), the concentration ratio
A) is not valid. B) tends to decrease. C) tends to increase. D) does not change in any predictable manner.
The law that governs most government regulation of monopoly is
A. the End to Monopoly Act. B. the Sherman Anti-Trust Act. C. the Fair Trade Act. D. the Wagner Anti-Monopoly Act.
Game theory was first developed by John Nash.
Answer the following statement true (T) or false (F)