By 1914 the American economy had transformed into an agricultural giant

Indicate whether the statement is true or false


False

Economics

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Explain why the competitive output maximizes welfare

What will be an ideal response?

Economics

The Civil Rights Act of 1964 was designed to protect workers from institutionalized union power that resulted in racial and sexual discrimination

Indicate whether the statement is true or false

Economics

The rule of 70 states that

A) it takes an economy 70 years to double its real GDP. B) the number of years it takes an economy to double in size is 70 divided by the growth rate. C) the number of years it takes an economy to double in size is the growth rate times 70. D) the number of years it takes an economy to double in size is the growth rate divided by 70.

Economics

A market structure in which a small number of firms compete is called

A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.

Economics