Travel websites such as Travelocity tend to offer reservation services for multiple travel modes. This is because
A) the firms have contractual obligations to offer reservations for airlines and railroads, for example.
B) the firms have statutory obligations to offer reservations for airlines and railroads, for example.
C) once the firm has the reservation technology for airlines, there are economies of scale in offering the same service for railroads.
D) once the firm has the reservation technology for airlines, there are economies of scope in offering the same service for railroads.
D
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Your textbook asserts that the federal government's $787 billion stimulus plan, launched in 2009,
A) failed to stimulate the economy out of the Great Recession. B) was followed by growing unemployment. C) stifled the corrective process of the previous cluster of errors during the housing bubble. D) favored well-organized interests. E) led to all of the above.
Economist John Maynard Keynes wrote that recessions can be prolonged and interminable; therefore, government action is needed to jump-start the economy.
Answer the following statement true (T) or false (F)