The form of economic system in Hitler's Germany and Mussolini's Italy was called _________.
Fill in the blank(s) with the appropriate word(s).
Fascism
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Regarding the relationship between marginal profit and average profit, which of the following statements is NOT true?
A. If the average profit is rising, the marginal profit figure must be rising. B. If marginal profit is lower than average profit, then average profit must decrease when profit increases. C. If marginal profit is below average profit, the average profit decreases. D. All of these statements are true.
For most industries, average costs decrease indefinitely as output expands
a. True b. False Indicate whether the statement is true or false
Sheila is on a temporary layoff from her automobile factory job but has not looked for work in the last four weeks. The Bureau of Labor Statistics counts Sheila as
a. unemployed and in the labor force. b. unemployed and not in the labor force. c. employed and in the labor force. d. employed and not in the labor force.
If a country's saving rate declined, then other things the same, in the long run, the country would have lower productivity and lower real GDP per person.
a. true b. false