Prior to 1840, most businesses were
A) family-owned.
B) corporate in structure.
C) vertically integrated.
D) collections of partnerships.
A
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Kahneman and Tversky are correct about "mental accounts," household budgeting
A. should have no effect on spending. B. should help families cut back on spending. C. will encourage families to earn more money than they would if they did not budget. D. leads families to spend more than if they did not budget.
What is the fast-second strategy? What are the risks to a dominant firm from using such a strategy?
What will be an ideal response?
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
The “law” of diminishing returns rests on the “law” of variable input proportions.
Answer the following statement true (T) or false (F)