Trade
a. allows specialization, which increases costs.
b. allows specialization, which reduces costs.
c. reduces specialization, which increases costs.
d. reduces specialization, which reduces costs.
b
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If a large number of people decide to major in economics, the supply and demand model has little to say about the future wages of economists
Indicate whether the statement is true or false
The 100 largest U.S. firms currently control
a. about half of all manufacturing assets in the United States, which represents a decrease since World War II b. about half of all manufacturing assets in the United States, which represents an increase since World War II c. about half of all manufacturing assets in the United States, which represents no change since World War II d. about 40 percent of all manufacturing assets in the United States, which represents a decrease since World War II e. about 40 percent of all manufacturing assets in the United States, which represents an increase since World War II