During the Great Depression of the 1930s, U.S. real GDP fell by about ____ percent, in comparison to the ______ percent decline during the Great Recession of 2007-09.
A. 27; 3.7
B. 10; 7
C. 25; 20
D. 25; 30
A. 27; 3.7
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Large companies with good credit ratings tend to rely on __________ for short-term financing
A) the commercial paper market B) private placements C) finance companies D) equity
The ability to produce at a lower opportunity cost than someone else is referred to as: a. absolute advantage
b. comparative advantage. c. absolute superiority. d. competitive disadvantage.
Figure 4-3 indicates the demand (D) and supply (S) for the rental housing market in a large city. If the government imposed a price ceiling of a, which of the following would be true?
a. The quantity of rental housing demanded would be t. b. The quantity of rental housing supplied would be r. c. There would be a shortage of rental housing. d. All of the above are true.
________ are among the fastest-growing economic activities in the world.
A) Global manufacturing and supply-chain management B) Accounting and taxation C) Finance and human resources D) Exporting and importing