___________ economics led to the creation of the communist state in Russia, Cuba, and other nations.
A. Malthusian
B. Marxist
C. Smithian
D. None of these choices are correct
Answer: B. Marxist
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Which of the following are sources of revenue for state and local governments?
i. property taxes ii. sales taxes iii. transfers from the federal government A) i, ii and iii B) ii and iii C) i and ii D) i only E) i and iii
Other things constant, a decrease in the price of fertilizer will: a. increase the supply of wheat
b. decrease the supply of wheat. c. increase the demand for wheat. d. decrease the demand for wheat.
Expansionary monetary policy, by increasing the money supply, also increases interest rates and recessionary gaps.
a. true b. false
Recall the Application about the 1998 merger between Pennzoil and Quaker State to answer the following question(s). The merger resulted in a company with a market share of 38 percent: 29 percent from Pennzoil and 9 percent from Quaker State.Recall the Application. A recent study concluded that following the merger between Pennzoil and Quaker State, the market share of Pennzoil products ________ and the market share of Quaker State products ________.
A. increased; increased B. increased; decreased C. increased; did not change D. did not change; increased