"If event A occurs then event B will follow" is a
A. statement lacking in logic.
B. positive statement.
C. non-testable statement.
D. normative statement.
Answer: B
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The local banking industry currently has a Herfindahl-Hirschman index (HHI) value of 1575 and two of the competing banks have considered merging. Because the merger would raise the HHI by 215 points, the Federal Trade Commission would likely
A) challenge the merger. B) not challenge the merger. C) allow the merger under the condition that HHI does not rise by more than 215 points as promised. D) allow the merger under the condition that the HHI remain at the premerger level of 1575.
Refer to Scenario 21-1. Based on the information above, what is the level of public saving?
A) $0 B) $1 trillion C) $2 trillion D) negative $1 trillion (a deficit of $1 trillion)
Measured as a share of the economy, total government expenditures:
A. have been between 10 and 15 percent of the U.S. economy since 1930. B. have been between 20 and 25 percent of the U.S. economy since 1930. C. rose from less than 10 percent in 1929 to about 35 percent currently. D. declined from more than 50 percent in 1929 to approximately 25 percent currently.
Latin America has more trade agreements than any other region, and it has some of the oldest as well
Indicate whether the statement is true or false