The 100 largest U.S. firms currently control
a. about half of all manufacturing assets in the United States, which represents a decrease since World War II
b. about half of all manufacturing assets in the United States, which represents an increase since World War II
c. about half of all manufacturing assets in the United States, which represents no change since World War II
d. about 40 percent of all manufacturing assets in the United States, which represents a decrease since World War II
e. about 40 percent of all manufacturing assets in the United States, which represents an increase since World War II
B
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If the wheat industry is perfectly competitive with a market price of $4 per bushel and Farmer Brown charged $5 per bushel, how many bushels would Farmer Brown sell?
A) some, but fewer than he would at a price of $4 B) more than he would at a price of $4 C) just as many as he would at a price of $4 D) none E) More information is needed about the prices charged by the other wheat farmers.
As the stock of a depletable resource falls, its user cost
A) rises. B) falls. C) is unchanged, but its price rises. D) is unchanged, but the extraction cost rises. E) is unchanged, but its true cost rises.
Public debt promotes overconsumption if
a. foreigners hold the debt b. people fail to regard bonds as their personal assets c. people view the government's liabilities as their own d. the Federal Reserve buys bonds e. people regard their bond holdings as part of their savings
Which of the following phrases would be used to describe an income amount?
A. Per year B. Per month C. Per week D. All of the above are correct.