According to Chandler and Cortada (2000), the driving force of the U.S. economy has been what since the beginning?
(a) Agriculture
(b) Manufacturing
(c) Information
(d) Steel and automobiles
(c)
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When a country allows trade and becomes an exporter of goods, producers gain more than consumers lose
a. True b. False Indicate whether the statement is true or false
Refer to the above graph. A successful advertising campaign by a monopolistically competitive firm will cause the demand curve for that firm to shift from:
A. A to B and become less elastic. B. B to A and become more elastic. C. A to B and become more elastic. D. B to A and become less elastic.
Explain the difference between a change in demand and a change in quantity demanded
What will be an ideal response?
Consumption spending refers to ________ spending on goods and services
A) government B) business C) foreign D) household