The economic boom of the 1990s was caused in part by:
a. Jimmy Carters efficient administration.
b. sub-prime lending.
c. an investment boom as the use of personal computers and the Internet became ubiquitous.
d. All of the above are correct.
e. Only a and c are correct.
c. an investment boom as the use of personal computers and the Internet became ubiquitous.
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Which form of business organization accounts for the largest proportion of sales in the United States?
A) the corporation B) the partnership C) the proprietorship D) the subchapter S partner-based proprietorship.
The Supreme Court has defined the offense of monopolization as involving all of the following elements EXCEPT
A. the maintenance of monopoly power. B. the possession of monopoly power in the relevant market. C. the ability to grow a business as a consequence of a superior product. D. the willful acquisition of monopoly power.
All of the following are problems associated with price ceilings except
a. chronic excess demand b. an eventual decline in the number of suppliers c. the need to use ration coupons to purchase the good d. chronic excess supply e. landlords failing to maintain rent-controlled properties adequately
Refer to the below table. Which of the following is true?
Answer the question based on the following payoff matrix for a duopoly in which the numbers indicate the profit from following either an international strategy or a national strategy.
A. The international strategy is the dominant strategy for both firms
B. The national strategy is the dominant strategy for both firms
C. The international strategy is the dominant strategy for firm A and the national strategy is the dominant strategy for firm B
D. The national strategy is the dominant strategy for firm A and the international strategy is the dominant strategy for firm B