The fact that many industries absorbed their competitors and formed oligopolies
a. illustrates horizontal integration.
b. illustrates vertical disintegration.
c. contributed to the dismantling of agglomeration economies.
d. is a phenomenon that began only in the late 1970s.
a
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Which statement explains why democracies tend to fail in poor countries?
a. Majorities in poor countries are fundamentally intolerant of other ethnic groups, and this is reinforced by poor educational standards. b. The income of politicians is too low for them to produce positive social change and governments themselves are poorly structured. c. Totalitarian government places a much lower cost burden on society, and poorer citizens tend to favor dictators for the order they can impose. d. Poor countries tend to lack a vibrant middle class, education levels are low, pluralism functions poorly, and people have yet to be shaped by markets that normalize behavior.
What are the two broad sets of tools for managing the economy?
A. Fiscal policy and monetary policy B. Economic development policy and economic regulatory policy C. Monetary policy and economic development policy D. Fiscal policy and economic regulatory policy E. Foreign policy and domestic policy