The techniques of government regulation in the U.S. are intended to increase the degree of competitiveness in the domestic and international marketplaces. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
In the eighteenth century, the rise of manufacturing in New England helped the region attract more settlers than the other regions of the English colonies. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The large influx of immigrant families between 1860 and 1910 caused the total population to grow at a faster rate than the work force. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
The expansion of governmental direct controls over the economy which characterized the “New Frontier” and “Great Society” programs of the Kennedy-Johnson years was continued and expanded by the Nixon Administration. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The BP schedule shows the combinations of the interest rate and income a. that clear the goods market. b. that leads to equilibrium in the balance of payments. c. that equate supply and demand in the foreign exchange market at a given exchange rate. d. and is always positively sloped. e. both b and d. […]
Date: September 10th, 2020
With respect to Friedman’s natural rate theory, expansionary monetary policies can a. move output above the natural rate but leave unemployment at the natural rate in the short-run. b. only affect inflation and not unemployment in the long-run. c. leave output at its natural rate with a simultaneous decrease in the natural rate of employment. […]
Date: September 10th, 2020
Stagflation can be explained by a a. shift in the short run Phillips curve to the left. b. shift in the short run Phillips curve to the right. c. a movement along the short run Phillips curve to the right. d. a movement along the short run Phillips curve to the left. ANSWER B
Date: September 10th, 2020
The depression of the 1930s was (a) the first depression in the nation’s history. (b) not the first but the most serious depression in the nation’s history. (c) not the first depression in the nation’s history and no more serious than some of the others. (d) not as serious as the depressions of the 1840s […]
Date: September 10th, 2020
According to the neoclassical growth model, economic growth in the steady state occurs because of a. increasing populations, which increase the demand for consumption. b. exogenous increases in technology. c. international trade. d. active governments, which stimulate consumption through government spending. e. all of the above. ANSWER B
Date: September 10th, 2020
To restrict a wilderness area in the public domain to a particular group in the general public, say the motorists or snowmobilers of today, is (a) democratic. (b) consistent with Thomas Jefferson’s view on federal ownership of land. (c) undemocratic. (d) non-discriminatory. ANSWER (c)
Date: September 10th, 2020
