The three main crops of the nation from the end of the Civil War to the turn of the century (1900) were (1) ______, (2) __________; and (3) _________.
Fill in the blank(s) with the appropriate word(s).
cotton; wheat; corn
You might also like to view...
Economies of scale will create a barrier to entry in an oligopoly industry when
A) a firm's minimum efficient scale occurs where long-run average total costs are constant. B) the typical firm's long-run average total cost curve reaches a minimum at a level of output that is a small fraction of total industry sales. C) the industry's four-firm concentration ratio is less than 40 percent. D) the typical firm's long-run average total cost curve reaches a minimum at a level of output that is a large fraction of total industry sales.
If a firm produces nothing, it still incurs its fixed costs
a. True b. False Indicate whether the statement is true or false
The deposit expansion multiplier on bank reserves is
A. the reserve requirement. B. one minus the reserve requirement. C. one. D. one divided by the reserve requirement.
What is the most likely response by rivals when an oligopolist cuts its price to increase its sales?
A. Raise their prices. B. Cut their prices. C. Ignore the change. D. Reduce their costs.