It is not surprising to see a rather __________ volume of mergers and acquisitions in the United States given its __________-oriented financial system
A) high; banking
B) high; markets
C) low; banking
D) low; markets
B
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In the long run, aggregate demand controls, no matter what happens to aggregate supply
a. True b. False Indicate whether the statement is true or false
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
According to the graph shown, if this economy was to engage in free trade, the good would:
A. not be imported or exported and only be produced domestically. B. no longer be produced domestically. C. be imported. D. be exported.
Price ceilings create shortages, but taxes do not.
Answer the following statement true (T) or false (F)
Consider the production possibilities frontier in the figure shown. The opportunity cost of cars when moving from point B to point C:
A. there is no opportunity cost when we move from B to C. B. is greater than the opportunity cost of cars when moving between any other two points. C. is greater than the opportunity cost of cars when moving from point A to point B. D. is less than the opportunity cost of cars when moving from point A to point B.