According to the text, which of the following developments have taken place in the American steel industry during the past 40 years?
a. The percentage of steel produced in vertically integrated steel plants has increased.
b. The percentage of steel produced in vertically integrated steel plants has decreased.
c. More steel makers have integrated vertically into coal mining.
d. More steel makers have integrated vertically into iron ore mining.
B
You might also like to view...
The long run is a time period in which
A) one year or less elapses. B) all factors of production are variable. C) all factors of production are fixed. D) there is at least one fixed factor of production and at least one variable factor of production.
If the inflation rate target is 2%, the current inflation rate is also 2%, and the output gap is zero, then according to the Taylor rule, the nominal federal funds rate should be ________ percent
A) zero B) two C) four D) three E) none of the above
When the wage rate increases: a. all workers wish to work more hours
b. all workers wish to work fewer hours. c. the number of hours laborers wish to work does not change. d. some workers will wish to work more hours, and some will wish to work fewer hours.
Which group has the highest poverty rate?
A. Non-Hispanic whites B. Blacks C. Hispanics