What percentage of the total government expenditures of the United States is undertaken at the federal level?
a. approximately 20 percent
b. approximately 40 percent
c. approximately 60 percent
d. approximately 80 percent
C
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The phrase "demand has decreased" means that
A) there has been an upward movement along a demand curve. B) a demand curve has shifted to the right. C) a demand curve has shifted to the left. D) there has been a downward movement along a demand curve.
Some people refuse to buy Japanese cars because they believe it is anti-American. Others refuse to buy American cars because they believe that Japanese cars are superior. In this highly competitive market, the Mitsubishi Eclipse and Eagle Talon, which have identical engines, transmissions, bodies and paint, are a good example of
a. goods belonging to two separate markets b. complementary goods c. perfect competition d. product differentiation e. barriers to entry
A monopolist will always charge the highest price it can get.
Answer the following statement true (T) or false (F)
The legally established value of a country's monetary unit in terms of another under the Bretton Woods system was called the
A) exchange rate. B) dirty float. C) special draw. D) par value.