By 1914 the American economy had transformed into an agricultural giant
Indicate whether the statement is true or false
False
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A market structure in which a small number of firms compete is called
A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.
Explain why the competitive output maximizes welfare
What will be an ideal response?
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
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.