Firms that have several plants that produce the same or related products are said to be:
A) horizontally integrated.
B) vertically integrated.
C) conglomerates.
D) cooperatives.
A
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What is the essential characteristic of money?
A) It must be backed by some other tradable commodity. B) It must be backed by gold or silver. C) It must be accepted and used by people as a general medium of exchange. D) It must be declared by government authority.
Which of the following federal farm programs was successful in reducing agricultural surpluses?
a. The Agricultural Act of 1948 b. The Emergency Act of 1978 c. The Emergency Feed Grain Bill of 1961 d. The Soil Bank Act of 1956
Which one of the following statements best describes projected water demands in the coming decades?
a. Global water demand will increase, but agricultural demand will decrease b. Water demand will increase significantly in all countries c. Global water demand will increase mainly due to increased agricultural demand d. Global water demand will increase mainly in developed countries e. Global water demand will remain relatively constant
The sum of value added
A. Is one way to compute the GDP. B. Equals the sum of the value of intermediate goods. C. Measures the intangible quality of goods and services produced in the economy. D. Equals net domestic product.