An open market purchase immediately impacts the banking system balance sheet by a. increasing required reserves. b. increasing deposits. c. increasing the money multiplier. d. increasing excess reserves. e. none of the above. ANSWER D
Date: September 10th, 2020
The percentage of the population that lived in urban areas rose from approximately 5% in 1790 to 40% in 1860. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Which sector consists of services traded for food, shelter, housing or other services? (a) tertiary (b) secondary (c) primary (d) international ANSWER (a)
Date: September 10th, 2020
Railroad competition was the primary cause of canal failures. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Throughout U.S. history, entrepreneurial activity would occur when (a) centralized economic planning was involved (b) distributed rights to profits were clear and protected (c) government intervention was pervasive (d) all of the above ANSWER (b)
Date: September 10th, 2020
Mass production during U.S. industrialization involved using which of the following? (a) Interchangeable parts (b) Division of labor and specialization (c) The assembly line (d) All of the above ANSWER (d)
Date: September 10th, 2020
During the antebellum period, the federal government assumed (a) responsibility for full employment. (b) responsibility for stable prices. (c) responsibility for the overall economy through control of the money supply. (d) little responsibility for most economic matters, leaving them to private individuals in businesses and households. ANSWER (d)
Date: September 10th, 2020
Which of the following statements holds true for eminent domain? (a) The costs are diverse and the benefits concentrated to those special groups who secured it. (b) It supports rent-seeking where some individuals gain and others lose. (c) The owner of the property secured through eminent domain has no legal recourse. (d) It is well-defined […]
Date: September 10th, 2020
By 1910 the top ten industries included printing, malt liquors, tobacco cars and railroad cars. The introduction of these new top ten industries indicated (a) a shift in consumer preferences toward luxury items. (b) an increase in real incomes in the U.S., permitting people to purchase luxury items. (c) a smaller percentage of total consumption […]
Date: September 10th, 2020
If the money supply is $1 billion, the reserve requirement is 10%, and currency holding $50 million, then reserves are a. $50 million. b. $100 million. c. $20 million. d. $40 million. e. none of the above ANSWER A
Date: September 10th, 2020
