From 1973 to the early 1990s, U.S. productivity _______, and since the early 1990s, U.S. productivity _______.
A. rose; rose
B. fell; fell
C. rose; fell
D. fell; rose
D. fell; rose
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Which of the following lists the three types of firms in the United States from smallest to largest in terms of volume of sales?
a. partnerships, sole proprietorships, corporations b. sole proprietorships, partnerships, corporations c. sole proprietorships, corporations, partnerships d. corporations, partnerships, sole proprietorships e. partnerships, corporations, sole proprietorships
Which approach to measuring money focuses on the value of currency, transaction deposits, and travelers checks?
A. M2 B. the transactions approach C. the liquidity approach D. near moneys
________ economy is an economy that produces what consumers demand and does so at the least possible cost.
A. A government-controlled B. An inefficient C. A command D. An efficient
Collusion is:
A. easy to maintain since firms always have an incentive to renege. B. difficult to maintain since firms always have an incentive to renege. C. difficult to maintain since firms rarely agree on the terms. D. easy to maintain since firms face similar cost curves.