Currently, the U.S. economy is best described as:
A.) A service economy.
B.) A manufacturing economy.
C.) An agricultural economy.
D.) A government economy.
A.) A service economy.
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Another term for a stockbroker is an account representative.
Answer the following statement true (T) or false (F)
Who does not want a tariff?
(a) Consumers of imported goods (b) Domestic businesses producing goods that compete with the imported goods (c) Politicians trying to garner domestic support from the import-competing domestic industries (d) The federal government
If one of the nation's leading banks raises the prime rate of interest by a half of a percent, and within 24 hours all of the other U.S. banks raise their prime rates by the same percentage, this behavior would be
A. an example of covert collusion. B. proof of the U.S. bank cartel at work. C. an example of illegal cutthroat price competition at work. D. an example of price leadership.
An advantage of the corporate form of business organization is
A) unlimited liability. B) easier access to capital. C) that profits are taxed only on one level. D) government supervision of its activities.