Consumer spending accounts for what share of GDP?

A. 20 percent
B. 40 percent
C. 70 percent
D. 90 percent


Answer: C

Economics

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The concept of market conduct includes such things as ____

a. pricing behavior of the firm or group of firms b. product policy of the firm or group of firms c. the degree of seller and buyer concentration in the market d. a and b only e. a, b, and c

Economics

A natural monopoly would benefit by being broken into many smaller firms.

Answer the following statement true (T) or false (F)

Economics

Which of the following is true about business cycles in the United States?

A. They vary greatly in length, frequency, and intensity. B. They are remarkably similar in length but vary greatly in intensity. C. They are similar in length, frequency, and intensity. D. They are similar in frequency and intensity but not in length.

Economics

Even though Mexico is a developing country, the NAFTA market is very rich

Indicate whether the statement is true or false

Economics