Compared to the United Kingdom, the national debt as a percentage of GDP in the United States is:
a. slightly larger.
b. substantially smaller.
c. substantially larger.
d. the same.
a
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On a graph of the consumption function, where the consumption function crosses the 45 degree line,
A) there is no saving and no dissaving. B) disposable income is zero. C) the maximum level of disposable income is earned. D) there are no tax payments. E) induced consumption equals zero.
Industrial unions in the United States formed a national organization known as
a. the National Union b. the Knights of Labor c. the American Federation of Labor (AFL) d. the Congress of Industrial Organizations (CIO) e. the AFL-CIO
Which of the following is the most likely result when there are economies of scope?
a. outsourcing b. vertical integration c. natural monopoly d. multi-product firms e. adverse selection
Large shareholders can sometimes influence a corporation's decisions without making efforts to replace its management
Indicate whether the statement is true or false