Splitting up a monopoly is often justified on the grounds that
a. consumers prefer dealing with small firms.
b. small firms have lower costs.
c. competition is inherently efficient.
d. small firms produce higher quality products.
c
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Most economists believe that property taxes
A. should be eliminated. B. are progressive. C. should become an important source of revenue for the federal government. D. are regressive.
Since the period following World War II (the early 1950s), the proportion of most countries' production being used in some other country
A) remained constant. B) increased. C) decreased. D) fluctuated widely with no clear trend. E) increased slightly before dropping off.
Foreign direct investment includes portfolio investment
a. True b. False Indicate whether the statement is true or false
In most businesses there is only one way to produce output
a. True b. False Indicate whether the statement is true or false