Which country has the highest unemployment rate?
a. Spain
b. Ireland
c. Sweden
d. France
e. All have low unemployment
A
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All of the following are conditions which are favorable to the formation of cartels except
A) the existence of a small number of firms. B) geographic proximity of firms. C) homogeneity of the product. D) easy entry into the industry.
Mercantilism was an economic policy that called for
a. the use of taxes and subsidies to control trade. b. leaving economic decisions to the free market. c. laissez faire. d. the elimination of private property.
The circular-flow diagram explains, in general terms, how the economy is organized and how participants in the economy interact with one another
a. True b. False Indicate whether the statement is true or false
If the demand of U.S. dollars drops sharply
A. the dollar will depreciate in value. B. foreigners holding U.S. assets will suffer tremendous losses. C. Americans will have to pay a lot more for imported goods. D. All of the choices are true.