When the U.S. economy expands, foreign investment in and immigration to the U.S. usually contracts. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
The International View of the Great Depression blames the contraction in the U.S. economy on (a) the failure of the U.S. markets to permit a fall in aggregate prices under the gold standard or to devalue its exchange rate. (b) exports’ and imports’ large proportion of total GDP in the U.S. (c) Great Britain abandoning […]
Date: September 10th, 2020
Young male adults provided the single largest group of migrants. This helped increase human capital in the U.S. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
In the period 1960–95, (a) the relations between capital and labor (owners and workers) continued to be as hostile and violent as they were in the 1930s and earlier. (b) the relations between capital and labor (owners and workers) continued to be cooperative and peaceful, as they had been throughout U.S. history. (c) an accord […]
Date: September 10th, 2020
In the period 1960–95, the federal government (a) played, in general, a much larger role in the economy during this period than prior to World War II. (b) played a small role in the economy, similar to the 1920s. (c) eliminated most of the major programs for the federal government that were established by the […]
Date: September 10th, 2020
In order to explain the relative sizes of families in urban versus rural environments, some economists viewed children as investment or durable consumptions goods, respectively. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Assuming perfect capital mobility and flexible exchange rates, then a. monetary policy is ineffective while fiscal policy is highly effective. b. fiscal policy is completely ineffective while monetary policy is highly effective. c. both monetary policy and fiscal policy are effective. d. monetary policy is less effective than fiscal policy. ANSWER B
Date: September 10th, 2020
The “A” in the neoclassical production function incorporates a. new inventions. b. changes in efficiency. c. more productive capital. d. more efficient labor organization. e. all of the above. ANSWER E
Date: September 10th, 2020
According to published data pertaining to unemployment rates in selected European countries, the natural rate of unemployment a. has been rising over the past three decades. b. declined sharply over the last three decades. c. has been lower than in the U.S. in the 1990s. d. has not changed much over the past three decades. […]
Date: September 10th, 2020
In the period 1960–95, the cycles of upturns and downturns in the economy (booms and recessions) (a) were eliminated as knowledge of how the economy operated grew. (b) continued to occur, although not nearly as severely as prior to World War II. (c) grew even worse than prior to World War II. (d) were equally […]
Date: September 10th, 2020
