Which statement is true?
A. Big business has a great deal of economic power but very little political power.
B. Big business has a great deal of political power but very little economic power.
C. Big business has a great deal of economic and political power.
D. Big business does not have much political or economic power.
C. Big business has a great deal of economic and political power.
You might also like to view...
The demand for most farm products is relatively inelastic. All else constant, what is the effect on farm revenues as a result of the introduction of new and better farm equipment which increases productivity?
A) Farm revenues could increase or decrease depending on the cost of this new equipment. B) Farm revenues remain constant because consumers will not increase their consumption of farm products by much. C) Farm revenues increase. D) Farm revenues decrease.
The Fed responds to money demand shocks by
a. changing the velocity of money b. changing the money supply c. following the money creation rules responsible for its success in the past two decades d. increasing the required reserve ratio e. changing its definition of the natural rate of unemployment
The way in which a country benefits from trade is that it can
a. obtain goods at lower opportunity cost than producing them itself. b. exploit economies of scale in production and lower the cost of goods it produces. c. obtain a wider range of goods than it can produce for itself. d. All of the above are benefits.
Briefly describe changes in life expectancy, average height, and infant mortality in the United States since 1850
What will be an ideal response?