Which of these faulty economic policies was adopted by President Hoover during the Great Depression?
a. An increase in tax rate
b. An increase in trade barriers
c. A decrease in tax rate
d. A decrease in government spending
e. An increase in government spending
Question 2
A common characteristic of oligopolies is:
a. interdependence in pricing decisions.
b. independent pricing decisions.
c. low industry concentration.
d. few or no plant-level economies of scale.
