The phases of a business cycle in order include
A) Peak, recession, trough and expansion. B) Peak, expansion, recession and trough.
C) Peak, recession, expansion and trough. D) None of the above.
Answer: A
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According to the 1860 census, the top employer in manufacturing was the _______ industry
a. boots and shoes b. cotton textile c. flour and meal d. iron
The labor supply curve is usually upward sloping
a. True b. False Indicate whether the statement is true or false
Describe the vicious cycle of poverty. What are the consequences of this cycle?
What will be an ideal response?
If Apple, a company that produces smartphones, purchases a company that specializes in developing phone apps, we would have an example of
A. a vertical merger. B. a monopoly. C. a horizontal merger. D. excessive product differentiation.