According to the text, economics offers the business person
A) a substitute for the accounting department.
B) a substitute for the marketing department.
C) a way to forecast demand.
D) an approach to thinking.
E) a replacement for the personnel department.
Question 2
A cartel is a group of firms that attempt to collude by coordinating price and output decisions.
a. True
b. False
Indicate whether the statement is true or false