According to the Swiss Institute for Management Development, the top country in terms of productive efficiency is
A) Germany.
B) Japan.
C) Switzerland.
D) the United States.
D
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A characteristic of an increasing cost industry is that, as the market expands, the:
a. price of the product increases. b. costs of production increase. c. price of the product decreases. d. costs of production decrease.
When oligopolists join together in a cartel, they
A. have chosen to ignore interdependence. B. have admitted that their behavior is interdependent. C. are planning to violate the law of supply and demand. D. are trying to behave like perfect competitors.
If countries that imported goods and services from the United States recovered from recession, we would expect that U.S. net exports would
a) fall, making aggregate-demand curve shift to the right. b) rise, making aggregate-demand curve shift to the left. c) rise, making aggregate-demand curve shift to the right. d) fall, making aggregate-demand curve shift to the left.
The period of growth in real GDP between the trough of the business cycle and the next peak is called the:
A. recessionary phase. B. expansionary phase. C. contractionary phase. D. cyclical phase.