One company that retained its monopoly position for years through control of raw materials was
a. Aluminum Company of America (ALCOA).
b. Procter & Gamble.
c. Ford Motor Company.
d. U.S. Steel.
a. Aluminum Company of America (ALCOA).
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Economists use M2 to measure the amount of money that is regularly used in transactions
Indicate whether the statement is true or false
What is the "reverse causality" problem in determining cause and effect?
A) It is a problem that occurs when one concludes that a change in variable X caused a change in variable Y when in actual fact, it is a change in variable Z that caused a change in variable Y. B) It is a problem that arises when two variables are inter-connected so that a change in variable X causes a change in variable Y, and a change in variable Y causes a change in variable X. C) It is a problem that occurs when one concludes that a change in variable X caused a change in variable Y when in actual fact, it is a change in variable Y that caused a change in variable X. D) It is a problem that occurs when one observes that a change in variable X caused a change in variable Y which caused a change in variable Z and concludes that a change in variable X caused a change in variable Z.
Which of the following would help control the future growth of healthcare prices and expenditures?
a. greater reliance on government financed healthcare reimbursement plans b. an increase in the share of healthcare expenditures financed with low co-payment insurance c. an increase in the share of healthcare cost paid for either directly or from personal medical savings accounts d. the finance of prescription drugs for the elderly with a low co-payment insurance plan under Medicare
Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary baseto rise. b. M2 money supply to rise. c. M2 money supply to fall. d. Monetary base to remain the same.