In 1938, another Agricultural Adjustment Act was passed. The error of the 1933 Act was now avoided. What had that error been? (a) Acreage allotments (b) Combining provisions for conservation with subsidies (c) Imposition of specific taxes on food processors (d) Excessive delegation of power ANSWER (c)
Date: September 10th, 2020
The power of the U.S. government to seize private property or exercise the right of eminent domain was an English innovation. Indicate whether the statement is true or false ANSWER FALSE
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
According to the theory of hysteresis, a prolonged recession will: a. decrease the natural rate of unemployment. b. increase cyclical unemployment. c. decrease the sacrifice ratio. d. increase the natural rate of unemployment. ANSWER D
Date: September 10th, 2020
Internal and external economies positively contributed to U.S. industrialization. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Assuming perfect perfect capital mobility, the BP schedule is a. vertical. b. horizontal. c. upward sloping. d. downward sloping. e. flat. ANSWER B
Date: September 10th, 2020
The founders of the U.S. Constitution clearly understood how to write a document capable of producing the amount of wealth presently accumulated in the U.S. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
The objections to the Walsh-Healy Act of 1936, which mandated “prevailing wages” in government employment, (a) concerned the tendency of government wages to undercut those of the private sector. (b) came from the labor unions. (c) held that unemployment would be maintained artificially high. (d) held that payment of prevailing wages would reduce the national […]
Date: September 10th, 2020
Which of the following factors would increase capital mobility? a. fixed exchange rates. b. differences in tax laws between countries. c. different accounting standards between countries. d. both a and b. e. All of the above. ANSWER A
Date: September 10th, 2020
