The command of World War II (1941–45)
(a) was more structured than that of World War I (1914–18) (WWI).
(b) experienced the same unconstitutionality problems experienced
during WWI.
(c) was distinct from WWI in most ways.
(d) did not involve rationing of goods and services, given the high unemployment
of the period.
(a)
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Which of the following relate(s) to gross profit margin?
a. a term often used in manufacturing businesses b. the profit margin after subtracting direct costs from wholesale revenue c. the profit margin after subtracting variable manufacturing costs d. a and b e. a through c
Consumer surplus
a. is the amount a buyer pays for a good minus the amount the buyer is willing to pay for it. b. is represented on a supply-demand graph by the area below the price and above the demand curve. c. measures the benefit sellers receive from participating in a market. d. measures the benefit buyers receive from participating in a market.
Which of the following is NOT an assumption under which the production possibilities curve is drawn?
A.) The economy's resources are fully employed. B.) The price level is stable. C.) Technology is being held constant. D.) The supplies of factors of production are fixed. E.) The trade-off of one good for another is not constant.
Which of the following is not an example of a model?
A. a small plastic airplane tested in a wind tunnel B. a highway map C. a photograph of the inside of a computer D. a poster of the human digestive system