Which of the following occurred during World War I (1914–18)?
(a) Private markets largely influenced resource allocation.
(b) Non-market controls imposed by the government.
(c) New income taxes financed 100 percent of the war.
(d) Corporate America voluntarily financed 100 percent of the war
efforts to protect their interests.
(b)
Economics
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Why does depreciation decrease the stock of capital?
What will be an ideal response?
Economics
Which of the following is an example of an investment, as described in Chapter 12 of your textbook?
A) The government builds a dam to have a source of hydroelectric power. B) A student attends college. C) A firm builds a new plant. D) all of the above
Economics