The primary reason the federal budgeting process changed in 1921 was that _____
a. the level of government expenditures were increasing
b. the President wanted more power
c. federal agencies wanted less responsibility
d. World War II forced the military to get involved
a
You might also like to view...
From the Cobb-Douglas production function we learn that there are two sources that help explain cross-country differences in per capita income: ________ and ________
A) capital; labor productivity B) labor share of income; TFP C) TFP; capital per person D) labor per person; capital E) none of the above
When a second firm enters a market to compete against a natural? monopoly, A. there is no quantity at which the price would exceed the average cost. Your answer is correct.B. it means that there is enough demand for a third firm as well. C. the price will exceed the average cost for all quantities. D. demand will increase for each firm in the market.
When a second firm enters a market to compete against a natural? monopoly,
A.
there is no quantity at which the price would exceed the average cost.
Your answer is correct.
B.
it means that there is enough demand for a third firm as well.
C.
the price will exceed the average cost for all quantities.
D.
demand will increase for each firm in the market.
Since the Federal Reserve District Banks were set up in 1913, a total of _____ banks have changed their locations.
Fill in the blank(s) with the appropriate word(s).
Consider two firms competing to sell a homogeneous product by setting price. The inverse demand curve is given by P = 6 ? Q. If each firm's cost function is Ci(Qi) = 6 + 2Qi, then each firm will symmetrically produce ________ units of output and earn ________.
A. 2 units; losses of $6 B. 4 units; losses of $2 C. 4 units; profits of $6 D. 2 units; profits of $2