Judgment by performance means that the competitiveness of a market is determined by:
A. the structure of the industry.
B. technological considerations.
C. the number of firms in the market.
D. the actual behavior of firms in the market.
Answer: D
Economics
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Withholding of the federal income tax _____
a. was first used during the civil war b. was first used during World War I c. was first used during World War II d. was first used after World War II
Economics
Which of the following is a determinant of the price elasticity of demand for an item?
A) the availability of a close substitute for the item B) the percentage of a consumers budget allocated to expenditures on the item C) the amount of time available to adjust to a change in the price of the item D) All of the above are correct.
Economics