A resource the United States lacked in the 20th century and had to import was:
A. land.
B. labor.
C. minerals.
D. technological creativity.
Answer: B
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Explain the extensive economic role of government within a developing country
What will be an ideal response?
The supply curve of loanable funds slopes up because
A) at higher bond prices more loanable funds will be supplied. B) higher interest rates reduce the inflation rate. C) an increase in the interest rate makes lenders more willing and able to supply more funds. D) a decrease in the interest rate makes lenders more willing and able to supply more funds.
Economic history shows that stock market averages are useful predictors of the future
Indicate whether the statement is true or false
Mergers often increase profit by
A) producing economies of scale. B) producing economies of scope. C) increasing efficiency of the firm. D) All of the above.