Capitalism is an economic system in which the production process is controlled primarily by private firms operating in markets.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Suppose the Herfindahl-Hirschman Index (HHI) in the market for chocolate is 3,200. Two companies want to merge. The FTC definitely will challenge the merger if it increases the HHI by more than
A) 150 points. B) 100 points. C) 40 points. D) 200 points.
Once monetary policy is dedicated to controlling the level of nominal GDP, then fiscal policy can be used to
A) choose the overall level of interest rates, with a high budget surplus implying a high level of interest rates. B) choose the overall level of interest rates, with a high budget deficit implying a high level of interest rates. C) control the level of inflation, with a high budget surplus implying a faster rate of inflation. D) control the level of inflation, with a high budget deficit implying a faster rate of inflation.
The idea that no one knows for certain the shape of the aggregate supply curve contributes to
A. Design problems. B. Goal conflicts. C. Measurement problems. D. Inventory problems.
Jaime has just researched and purchased a book through the Internet as a result of responding directly to a ad on Facebook. The Facebook ad is an example of
A) mass marketing. B) direct marketing. C) indirect marketing. D) interactive marketing.