In 1940, military spending amounted to roughly _____ of GDP; by 1943, it had risen to roughly ________ of GDP

The key assumption underlying the theory of the firm is that:

A) firms are assumed to maximize sales revenue. B) managers are assumed to maximize the number of employees in their department. C) firms are assumed to maximize profits. D) none of the above

Which of the following is most important in determining the number of jobs in an economy?

A) Macroeconomic policies B) Trade policies C) Urban policies D) Tax policies