Economies where production and distribution decisions are made by the government are called
A) command economies.
B) market economies.
C) mixed economies.
D) capitalist economies.
A
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Based on the table above,
a. What is the equilibrium price level and real GDP? b. If potential GDP is $11.0 trillion, what does that imply about the economy's level of employment? c. If potential GDP is $9.0 trillion, what does that imply about the economy's level of employment?
A partnership can raise funds for expansion in which of the following ways?
A) issuing stock through secondary markets B) taking on more partners C) issuing stock through financial markets D) all of the above
The long-run supply curve for a competitive constant-cost industry is:
a. horizontal. b. vertical. c. upward-sloping. d. downward-sloping.
Absolute real economic growth is an increase in __________ from one period to the next
A) GDP B) Real GDP C) per-capita Real GDP D) per-capita GDP E) none of the above