Which of the following will occur once decisions makers fully adjusted to an increase in prices?
What will be an ideal response?
Competitive forces will restore the usual relationship between product prices and costs.
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When someone receives too much information and cannot tell what is important from what is not it is called
a. overload b. spam c. decoding information d. rejected information
Passage of the Depository Institutions Deregulation and Monetary Control Act of 1980
A. created uniform reserve requirements for all depository financial institutions. B. resulted in an increase in the number of financial institutions in the United States. C. discouraged the formation of big, nationwide, all-purpose financial institutions. D. meant that vault cash would no longer count toward bank reserves.
The U.S. primary steel industry is best described as a:
A. homogeneous oligopoly. B. differentiated oligopoly. C. monopoly. D. cartel.
The reasons why per capita GDP in the U.S. is significantly higher than in some other rich countries like, say, France include the following, except:
A. U.S. citizens put in substantially more work hours than do citizens of France B. Cultural differences between the U.S. and France regarding the right balance between labor and leisure C. Differences in the tax structure and the resulting incentive effects of taxes D. Differences is the communication technology due to language differences