In 2000, the top 100 transnational companies produced about _____________ percent of the entire world's output
A) 2.1
B) 4.3
C) 10.5
D) 22.1
B
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Which of the following was an element of the New Deal?
A. Wage and price controls B. Unemployment insurance and bank deposit insurance C. Regulation of the stock market D. Unemployment insurance, bank deposit insurance, and regulation of the stock market, but not wage and price controls
British economist A. H. Phillips published his famous paper on the relationship between inflation and unemployment during ______.
a. the Great Depression b. World War II c. the 1950s d. the 2008 financial crisis
At the equilibrium price, deadweight loss is:
A. minimized. B. zero. C. maximized. D. equal to the equilibrium price multiplied by the quantity exchanged.
The theory of efficient markets implies:
A. expectations do not play a role in stock prices because this isn't real information. B. the price at which stocks currently trade only reflect past information. C. the chartists are in fact correct that there are patterns in stock prices. D. stock prices should be highly unpredictable.