Regulation that specifies that a firm's profits must be shared with its customers if the profit rises above a target level is called

Expenditures on U.S. produced steaks, shoes, and doctor visits are most likely classified as

A) net imports of goods and services. B) investment. C) government expenditure on goods and services. D) net exports of goods and services. E) consumption expenditure.

The command economy of World War I (1914–18) possessed which of the following traits?

(a) Decentralized decision-making in the markets (b) The creation of many state agencies (c) Volunteers for the armed forces (d) Centralized decision making by bureaucrats