Which of the following statements is true?
A) Cultural and geographical conditions of a nation can be considered proximate causes of prosperity.
B) Stock of human capital and the geography of a nation can be considered fundamental causes of prosperity.
C) Stock of human capital and physical capital available to a nation can be considered proximate causes of prosperity.
D) Stock of human capital and the geography of a nation can be considered proximate causes of prosperity.
C
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The Federal Trade Commission
a. was abolished by the Celler-Kefauver Act b. was established when the Antitrust Division of the Justice Department was eliminated c. largely deals with telephone and utility regulation d. is a weak and ineffective government agency e. investigates unfair and deceptive trade practices
If retail managers are ordering extra merchandise from their wholesale distributors, then it is probably true that
a. total output is greater than total spending. b. price levels are decreasing. c. inventory levels are increasing. d. inventory levels are decreasing.