Which of the following does not explain why the U.S. economy has been more stable after 1946 than before?
A. A shift from manufacturing to services.
B. A large government sector.
C. A laissez faire approach.
D. Automatic stabilizers.
Answer: C
You might also like to view...
Refer to Figure 12-1. If the firm is charging a price of $12 per unit
A) it is not selling any output. B) it is selling 700 units. C) it is making a profit. D) it breaks even.
An advantage of using the midpoint method to calculate the price elasticity of demand is that it uses the metric system
a. True b. False Indicate whether the statement is true or false
For the economy as a whole, spending on advertising comprises about what percent of total firm revenue?
a. 0.5 b. 2 c. 10 d. 20
An announcement that smoking will harm your ability to think clearly will most likely result in:
A) an increase in the quantity of cigarettes demanded. B) a decrease in the demand for cigarettes. C) no change in smoking habits. D) an increase in the equilibrium price of cigarettes.