During World War II government expenditures increased almost five-fold and output almost doubled
a. True
b. False
Indicate whether the statement is true or false
True
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Which organization has the goal of helping to provide capital and investment assistance to less-developed nations?
a. The World Trade Organization b. The International Development Fund c. The European Union d. The International Monetary Fund e. NATO
When the government controls the price of a product, causing the market price to be above the free market equilibrium price,
A. some, but not all, sellers can find buyers for their goods. B. only consumers gain. C. both producers and consumers gain. D. all producers gain.
If firms compete in a Cournot fashion, then each firm views the:
A. output of rivals as given. B. profits of rivals as given. C. prices of rivals as given. D. All of the statements associated with this question are correct.
The joining of firms that are producing or selling a similar product is known as
A. economies to scale. B. a conglomerate merger. C. a horizontal merger. D. a vertical merger.