_____ helps Congress evaluate the president's budget
a. The Treasury Department
b. The Office of Management and Budget
c. The Congressional Budget Office
d. The Joint Economic Committee
c
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When a country both exports and imports a type of commodity, the country is engaged in
A) intra-industry trade. B) increasing returns to scale. C) imperfect competition. D) inter-industry trade. E) an attempt to monopolize the relevant industry.
Between 1821 and 1930, the U.S. gained a comparative advantage in the production of agricultural goods
Indicate whether the statement is true or false
Which of the following is used as an antitrust tool that focuses on the structure of industry?
A. Prohibiting mergers and acquisitions. B. Price regulation. C. Profit regulation. D. Forbidding business practices such as advertising.
In the above figure, if the firm is in monopolistic competition, its price will be
A) $1. B) $2. C) $3. D) $4.