The slippage between ________ occurs because the unemployment rate is calculated from data on the number of people employed.
A. imports and exports
B. consumption and saving
C. output and the unemployment rate
D. supply and demand
Answer: C
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Improving agriculture's terms of trade involves
a. increasing the amount of goods available to farmers b. increasing the number of markets in which farmers can sell c. increasing the amount of credit available to farmers d. increasing the relative price of agricultural goods compared to manufactured goods e. none of the above
In the IO perspective it is important to enter an industry with
a. High supplier power b. Low threat from substitutes c. Low levels of rivalry between firms d. Only B & C
Beanie Babies are popular stuffed animals sold by the Ty Corporation. Explain whether or not Ty is a monopoly
_________________ laws give government the power to block certain mergers or to break up large firms into small ones.
a. Monopoly b. Antitrust c. Mergers and acquisitions d. Business size