Has world trade increased continually over the 60 years?
What will be an ideal response?
World trade has grown virtually every year over the past six decades. Nonetheless, real world exports did fall in several years, most notably in the mid 1970s, the early 1980s and again in 2001. The common feature of all of these periods is that they encompass recessions that occurred in the United States and other industrialized countries.
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"An Inquiry into the Nature and Causes of the Wealth of Nations" published in 1776 was written by
A) Alfred Marshall. B) Karl Marx. C) John Maynard Keynes. D) Adam Smith.
What are the reasons for the development and growth of the Eurodollar market?
What will be an ideal response?
Most U.S. firms face:
A. perfect competition. B. some degree of competition. C. market power resting in a few large firms in every industry. D. no competition at all.
Which of these contributes to the existence of monopoly power?
a. a continuously decreasing long-run average cost curve b. possession of a patent c. control over essential output d. All of the above are correct.