National economic policies are usually set by the local government in the U.S., making it the focus of economic discussions
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
In 2011, about ____ percent of employed wage and salary workers belonged to unions
A. 8.4 B. 5.5 C. 14.8 D. 11.8
If two steel firms decide to merge, this merger would be classified as:
a. a horizontal merger. b. a vertical merger. c. a conglomerate merger. d. either a vertical or conglomerate merger depending on the nationality of the companies. e. either a vertical or conglomerate merger depending on the market shares of the two companies.
In a market economy, the three economic questions are answered by which of the following?
a. Prices determined by the interaction of the forces of supply and demand. b. A cartel of major transnational corporations, government agencies, and consumer advocates. c. A trilateral commission of major corporations, the military, and elite university professors. d. A central authority such as people's committee, a government agency, or a dictator.
Suppose that many coal mines are shut for environmental reasons. This will cause
A) no change in the supply curve, only a change in price. B) a movement up the supply curve. C) a decrease in the supply of coal (a leftward shift of the supply curve). D) an increase in the supply of coal (a rightward shift of the supply curve). E) a movement down the supply curve.