Once the United States Civil War broke out, the United States moved to a
A) gold standard.
B) silver standard.
C) bimetallic monetary standard consisting of silver and gold.
D) bimetallic monetary standard consisting of copper and gold.
E) paper currency, called the "greenback."
E
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A market in which the Herfindahl-Hirschman Index exceeds 1,800 is considered to be
A) competitive. B) not competitive. C) moderately competitive. D) purely competitive. E) either a monopoly or monopolistic competition.
Cartels display a pronounced tendency to disintegrate over time because
A) increased profits induce laziness and carelessness among cartel members. B) nobody benefits in the long run from their operation since they merely redistribute wealth. C) their operation is so blatantly contrary to the public interest. D) there are so many margins on which competition can occur.
Who makes the first push in the big-push strategy?
a. consumers b. entrepreneurs c. foreigners d. workers e. government
A merger occurs when two previously independent firms are combined under a single owner
a. True b. False Indicate whether the statement is true or false