The Charles River Bridge v. Warren Bridge (1837) decision established that a state could incorporate competing franchises, effectively overturning the old idea that a corporate charter implied a grant of monopoly. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Dollarization by a foreign country is another form of: a. balancing a country’s current account. b. maintaining monetary policy independence. c. fixing an exchange rate. d. maintaining a balanced government budget. ANSWER C
Date: September 10th, 2020
The New Deal in U.S. history is that period during the Great Depression in which American “capitalism” is redefined and the role of the federal government in the economy fundamentally changes forever. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Secured property rights provide individuals with incentive to use the resources they own productively because they realize the gains from this use. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The reforms, acts and programs that emerged during the New Deal were dissolved quickly at the end of the Great Depression. On this front, the New Deal command economy was similar to the World War I command economy. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Under perfect capital mobility, fiscal policy has the largest impact on the income under: a. fixed exchange rates. b. floating exchange rates. c. dollarization. d. a currency union. ANSWER A
Date: September 10th, 2020
By the end of the 19th century, bituminous coal still was the largest single source of mineral energy used in this country, despite the enormous increase in oil production and refining. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Traditionally, laws of incorporation have been predominantly privileges of the states. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The U.S. has a system of private property rights that encourages productive uses of its resources even in the presence of some government influence. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The rate of adjustment between the long run and short run Phillips curve will be determined by a. the rate of adjustment of price expectations. b. the rate of money growth. c. the level of wage flexibility in labor markets. d. both a and c. e. all of the above. ANSWER D
Date: September 10th, 2020
