Which of the following problems does not affect small firms:
a. scarcity of appropriately-skilled workers
b. consumer preference for imported products
c. adapting modern technology consistent with the scale of output
d. government officials' preference for larger firms
e. all of the of the above are problems for small firms
A
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According to supply-side theory, a cut in taxes will tend to cause ________
A) a decline in the amount of total tax revenue collected B) no change in the amount of total tax revenue collected C) an increase in the amount of total tax revenue collected D) individual workers to devote more time to leisure activities
Between 1860 and 1914, the concentration of industrial power did increase. What did members of the general public perceive to be the result of this heavy concentration?
(a) Expanded output (b) Lower prices (c) A transfer of income away from consumers toward big businesses (d) All of the above
Settlers often received 50 acres of land for each person whose passage they paid to America. This was known as
a. a special purpose grant. b. an entailment. c. the headright system. d. planter's shares.
When large oligopolistic firms negotiate with the unions of their employees, the resulting bargaining process closely resembles
A. perfect competition. B. a dual labor market. C. monopolistic competition. D. bilateral monopoly.