The growth and development of the U.S. economy during its period of rapid industrialization was largely influenced by centralized economic planning. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Which of the following threatens the future of the U.S. economy? (a) A strengthening of private property rights (b) Effectively preventing some individuals and organizations from pursuing noncompetitive market legislation (c) Racism, discrimination and sexism (d) Increased private consumption and investment and reduced government expenditures ANSWER (c)
Date: September 10th, 2020
The Bank Act of 1935 restructured the Federal Reserve System (FRS) in which of the following ways? (a) The FRS Board of Governors gained discretionary control over bank reserves and margin requirements for loans against securities. (b) The Governor’s Committee was renamed the Federal Open Market which was comprised of 12 members, 7 of whom […]
Date: September 10th, 2020
Most researchers agree that the New Deal positively impacted (a) employment and overall production. (b) wages, working conditions and working hours. (c) electricity production and use of it as power. (d) all of the above. ANSWER (c)
Date: September 10th, 2020
Which of the following factors have contributed and continue to contribute to long-term economic growth in the U.S.? (a) Individual rights to vote and popular democracy (b) Public and private education (c) Increased labor productivity, capital accumulation and technological change (d) All of the above ANSWER (d)
Date: September 10th, 2020
If the Federal Reserve increases the legal reserve requirement on deposits, a. the money stock will rise and the money multiplier will fall. b. the monetary base will rise and the money multiplier will fall. c. both the monetary base and the money stock will fall. d. neither the monetary base nor the money stock […]
Date: September 10th, 2020
Which of the following acts was/were designed to take out the risk in the securities industry? (a) Truth in Securities Act of 1933 (b) Fair Labor Standards Act of 1938 (c) Social Security Act of 1935 (d) All of the above ANSWER (a)
Date: September 10th, 2020
Which of the following federal activities was new under the New Deal? The federal government (a) subsidized building construction. (b) provided federal finances to build houses. (c) established regulatory agencies intended to influence activities in private markets. (d) engaged in all of the above. ANSWER (b)
Date: September 10th, 2020
Overall, U. S. citizens and foreign-born residents embrace change that promises overall growth. This is evidenced by which of the following? (a) Innovation (b) The growth of new industries and the demise of others (c) Population migration from one part of the U.S. to another (d) All of the above ANSWER (d)
Date: September 10th, 2020
If the Federal Reserve raises the discount rate, the market rate of interest a. will rise but the monetary base will be unchanged. b. will rise and the monetary base will fall. c. and the monetary base will both rise. d. will fall and the monetary base will rise. ANSWER B
Date: September 10th, 2020
