Which of the Following Was Not One of the Reasons

question 63

Multiple Choice

Which of the following was not one of the reasons that the 1947 National Security Act was significant?

• A) It unified the armed forces.
• B) It created the Central Intelligence Agency.
• C) It established the National Security Council.
• D) It established the Department of Defense.
• E) It required federal employees to sign a loyalty oath.

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Definitions:

Concentration Ratio

A measurement of the market share held by the largest firms within an industry, indicating the degree of market control.

Monopolistic Competitor

A business operating in a market structure characterized by many firms selling products that are similar but not identical, allowing for significant differentiation and competition.

ATC Curve

The Average Total Cost curve in economics represents how a firm's total cost per unit of output changes with the quantity produced.

Rival Firms

Companies that compete against one another in the same industry or market for customer base and market share.