An economy with only the household and firm sectors is called:
A) a mixed economy.
B) a private economy.
C) a command economy.
D) none of the above.
B
Economics
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Which of the following is not a barrier to entry?
A) licenses B) patents C) economies of scale D) U.S. antitrust legislation
Economics
During the post war period,
a. an economic slowdown occurred immediately following the Armistice. b. a vigorous boom began in 1919. c. the Federal Reserve followed a policy of keeping its discount rate below market rates. d. All of the above are correct. e. Only b and c are correct.
Economics
Developing countries, like many developed countries, have a dual economy.
Answer the following statement true (T) or false (F)
Economics
Refer to the diagram for a private closed economy. The equilibrium level of GDP is:
A. $400.
B. $300.
C. $200.
D. $100.
Economics