A concentration ratio is used to
A) determine whether a market structure is oligopoly.
B) determine the importance of labor in the production process.
C) determine the degree of homogeneity in the market.
D) see if a firm qualifies for federal assistance.
A
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Elected officials and government employees:
a. are agents of the people b. always act in the best interest of the people, even at the expense of their own interest c. both of the above d. neither of the above
What is the difference between federal purchases and federal expenditures?
What will be an ideal response?
In the Keynesian model, a build-up of unwanted inventories leads to
A) rising interest rates. B) falling unemployment. C) falling output. D) falling money wages.
The Board of Governors consists of seven members elected by the public every four years.
a. true b. false