National sovereignty means that no one person or group is in charge of the international economy.
Answer the following statement true (T) or false (F)
True
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The figure above provides information about Light-U-Up Utilities, which is a natural monopoly that provides electricity. What is the area of deadweight loss when Light-U-Up is regulated and follows a marginal cost pricing rule?
A) abd B) acg C) deg D) There is no deadweight loss.
Under the Soviet system of communism,
A) technological progress was slow because managers had little incentive to develop new technologies. B) managerial pay was determined by the extent to which managers could lower the per-unit costs of production. C) the per-worker production function in the Soviet Union shifted up more rapidly than production functions in other countries. D) competitive pressures in the Soviet Union allowed the country's technological progress to keep pace with the rest of the world.
A soft budget constraint applies when enterprises that earn profits distribute those profits to their private owners
a. True b. False
If the Real GDP increases from one year to the next, we could conclude the country experienced:
A. inflation and no change in output. B. an increase in output and no change in prices. C. a definite increase in output and may have experienced an increase in prices. D. definite inflation and may have experienced an increase in output.