Which of the following is NOT a reason why some industries are oligopolies?
A) economies of scale
B) barriers to entry
C) strategic independence
D) mergers
C
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The production possibilities frontier slopes downward and to the right because of limited resources.
Answer the following statement true (T) or false (F)
Keough plans and IRAs are
A) individual pension plans. B) government pension plans. C) corporate pension plans. D) public pension plans.
The legislature is at a bargaining disadvantage because it receives most, if not all, of its information about the bureaucracy from the bureaucracy
a. True b. False
The rate of unemployment that occurs when the economy is producing its potential GDP _____
a. is called the natural rate of unemployment b. is zero c. is thought to be approximately 10% d. can be kept at zero through fiscal policy e. is equal to the rate of stagflation in most years