If we were to examine the economic record of the former Soviet Union and China during the 1980s, we could reasonably conclude that
A. China was successful and the Soviet Union was not.
B. The Soviet Union was successful and China was not.
C. Both the Soviet Union and China were successful.
D. Neither China nor the Soviet Union were successful.
A. China was successful and the Soviet Union was not.
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Which of the following results in an increase in the supply of a good or service?
A) a rise in the price of the good or service B) an increase in foreign imports of the good or service C) a fall in the price of the good or service D) a smaller number of sellers producing the good or service E) higher taxes imposed upon producers of the good or service
The relationship between industrial capacity percentage and
a. the unemployment rate is indirect. b. the unemployment rate is direct. c. real GDP is indirect. d. nominal GDP is indirect.