Nonactivists of the policies believe that

A) wages and prices are very flexible.
B) the self-correcting mechanism is very rapid.
C) government action is unnecessary.
D) all of the above.

D

Economics

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A four-firm concentration ratio measures

A) the price elasticity of demand in an industry. B) the price elasticity of demand among the four largest firms in an industry. C) the extent to which industry sales are concentrated among the four largest firms in the industry. D) the number of firms in an industry.

Economics

Were Social Security benefits to cease, almost half of all older Americans would fall into poverty

Indicate whether the statement is true or false

Economics