The United States economy is
A. the third largest in the world.
B. larger than all other national economies combined.
C. the second largest in the world, behind Japan.
D. the largest in the world.
Answer: D
Economics
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If a change is a Pareto improvement, then
A) we also achieve Pareto efficiency. B) consumer surplus is maximized. C) it also passes the cost-benefit test. D) the distributional effect is likely to be regressive.
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Which of the following is NOT a cause for an oligopoly to exist?
A) economies of scale B) structural dependence C) barriers to entry D) horizontal mergers
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