Estimates of the North American Native American population in 1491:
a. range in hundreds of billions.
b. range in the hundreds of thousands.
c. range in the millions.
d. range in the tens of thousands.
c. range in the millions.
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The industrial organization economics perspective locates the source of advantage at the
a. Individual firm level b. Industry level c. Both a and b d. None of the above
In a market system, the primary instruments used to coordinate economic activity are
a. plans. b. prices. c. input-output analyses. d. quantities.
The value of a resource to a firm depends on the value of the final product supplied to the market
Indicate whether the statement is true or false
Which of the following would be most likely to improve the standard of living of a less-developed country?
What will be an ideal response?