Macroeconomics

Sustained economic growth in the U.S. has been primarily a product of

Sustained economic growth in the U.S. has been primarily a product of which of the following factors? (a) War and exploitation of natural resources (b) Capital accumulation, increases in capital and labor productivity, and technological advancements (c) Restricted trade (d) Government policies and market interventions   ANSWER (b)

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Date: September 10th, 2020

The appearance of “classical American capitalism” in the middle and la

The appearance of “classical American capitalism” in the middle and late 19th century includes all of the following except (a) An industrial labor force concentrated in manufacturing centers (b) The commercialization of agriculture and extractive industries (c) The rise of big-time finance and giant transportation systems (d) The strengthening of small scale family farm enterprises […]

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Date: September 10th, 2020

Health care debates illustrate how special interest groups can use the

Health care debates illustrate how special interest groups can use their lobbying power to “control” the federal government to transfer wealth from one group of productive, income earning individuals to another group that may or may not be productive. Indicate whether the statement is true or false   ANSWER TRUE

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Date: September 10th, 2020

During the colonial period, regulation of business activities was the

During the colonial period, regulation of business activities was the right of government and its duty—extensive regulation was done, such as licensing, inspection, price fixing, etc. Which statement best describes regulation in the decades after 1789? (a) Regulation continued at about the same level as during the colonial period. (b) As commerce and manufacturing became […]

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Date: September 10th, 2020