Social Security, like other governmental programs, alters individuals’ decisions to save, consume and invest privately for the present as well as the future. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Industrial entrepreneurs like J.P. Morgan, Henry Ford and Andrew Carnegie were driven by desires to earn profits. In the process of pursuing these profits, American consumers were made better off. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
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 […]
Date: September 10th, 2020
The decisions of today have consequences that lie in the future. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The Federal reserve prefers to use open market operations because a. it allows for small changes. b. its effects are well understood. c. it is easy to conduct. d. both a and b. e. all of the above. ANSWER E
Date: September 10th, 2020
The following have strengthened individual control over private property: taxation, zoning, land-use restrictions and eminent domain law. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
By 1914 the American economy had transformed into an agricultural giant. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Which of the following functions express the money multiplier (m) for the narrowly defined money stock (M1)? a. m = ΔMs/Δ(MB) = m(rrd) b. m = ΔMs/Δ(MB) = m(rrd, CU/D, ER/D) c. m = ΔMs/Δ(MB) = m(rrd + CU/D) d. m = ΔMs/Δ(MB) = m(rr/D, CU/D, RR/D) ANSWER B
Date: September 10th, 2020
The equal wealth and income distribution in the U.S. during its antebellum period can be clearly linked to its system of private property rights over land and minerals. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
The “New Deal” programs of the 1930s aimed at (a) transforming American capitalism into a planned socialist economy. (b) introducing short-term measures to cure the depression but no fundamental changes in the American economy. (c) introducing measures to deal with the crises and cure the depression combined with measures to restructure important aspects of the […]
Date: September 10th, 2020
