The U.S. distribution system is
A. identical to that of the former Soviet Union.
B. based on a pure socialist economy.
C. determined by a modified version of one dollar, one vote.
D. similar to the fascist 1930's Germany.
C. determined by a modified version of one dollar, one vote.
Economics
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If Dr. Giltscalpel's gross revenue doubled when he doubled his surgical fees, the demand for his services within the relevant price range would be
A) indeterminate. B) perfectly elastic. C) perfectly inelastic. D) unit elastic. E) none of the above.
Economics
The production possibilities curve bows out because
A) production is efficient. B) of the law of increasing additional cost. C) production is inefficient. D) resources are not being fully utilized.
Economics