Which of the following statements is true?
A) The government plays absolutely no role in economies characterized by communism.
B) Competition among firms is likely to be higher in communist economies than in market economies.
C) The government plays absolutely no role in economies characterized by market economies.
D) Competition among firms is likely to be higher in market economies than in communist economies.
D
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The Great Depression began in
A. the second half of 1929. B. the middle of 1930. C. early 1932. D. March 1933.
The above figure shows the U.S. market for replacement cell phone batteries. With free trade, the United States imports ________ batteries and once the tariff illustrated in the figure is imposed, the United States imports______ batteries
A) 900,000; 700,000 B) 300,000; 100,000 C) 800,000; 400,000 D) 900,000; 100,000 E) 700,000; 300,000
Refer to Figure 14.1. Other things equal, a decrease in taxes is best represented as a movement from
A) point Y to point Z. B) point Z to point X. C) point Z to point Y. D) point Y to point X.
If any country decides to exit from the Eurozone, it will gain ________
A) free capital mobility B) a fixed exchange rate C) reduced transactions costs D) monetary policy independence