Which of the following falls during a boom?
A) Investment B) Gross Domestic Product
C) Unemployment D) Consumption
C
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An economy that trades freely with the rest of the world is called a(n) ________ economy
A) command B) communist C) closed D) open
In July 2008, the Federal Communications Commission approved the merger of satellite radio providers XM Satellite and Sirius Satellite Radio, establishing a single satellite radio company in America. The deal is tough for many to swallow
"We continue to believe that consumers are best served by competition rather than monopolies," said National Association of Broadcasters Vice President Dennis Wharton. What does Wharton argue? A) Producer surplus is greater with competition. B) Total surplus is greater with a monopoly. C) Consumer surplus is greater with competition. D) Prices are lower with a monopoly.
Five large unions withdrew from the AFL-CIO in 2005, taking with them ____% of the federation's members.
Fill in the blank(s) with the appropriate word(s).
Incomes of U.S. farmers are adversely affected by:
A. Very good harvests on farms abroad B. Economic expansion abroad C. Less protectionist farm policies abroad D. Higher prices of farm products