Until the mid-1970s, U.S. imports and exports were a relatively ______ percent of domestic output.
Fill in the blank(s) with the appropriate word(s).
smaller
Economics
You might also like to view...
The price elasticity of demand measures
A) the consumers' sensitivity to a price change. B) the producers' sensitivity to a price change. C) how much the market price changes in response to a change in demand. D) how much the demand changes in response to a change in income.
Economics
The higher the concentration ratio, the
a. more control an individual firm has to set prices. b. more competitive the industry. c. less competitive the industry. d. Both a and c are correct.
Economics