In a floating exchange rate system, an appreciation of the exchange rate could be caused by a. a cut in taxes. b. a decrease in government spending. c. an increase in the domestic money supply. d. a decrease in the foreign demand for U.S. goods. ANSWER A
Date: September 10th, 2020
During the post-bellum period, growth in demand outpaced growth in supply, causing food prices to fall. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Chandler (1994) credits IBM’s dominance in the world computer market to (a) advancements in technology. (b) investments in research and development. (c) solid management and sophisticated marketing. (d) all of the above. ANSWER (d)
Date: September 10th, 2020
In the monetarist model, an increase in both government spending and taxes would a. lead to a large increase in interest rates. b. increase income dollar for dollar with the increase in government spending. c. have a much smaller impact on income than in the Keynesian model. d. all of the above. ANSWER C
Date: September 10th, 2020
The disposal and settlement of the public lands, according to Hughes and Cain (2011), (a) went pretty much, in practice, as Jefferson had envisioned. (b) had both intended and unintended consequences. (c) occurred in an orderly and efficient manner for the most part. (d) was adequately funded and well-organized in execution. ANSWER (b)
Date: September 10th, 2020
According to growth accounting estimates, during the 1929-1982 period, increases in capital and labor account for about ______ of total growth. a. 0 percent. b. 25 percent. c. 50 percent. d. 90 percent. e. none of the above. ANSWER D
Date: September 10th, 2020
Advances in chemical and biological applications before World War I (1914–1918) increased agricultural output per acre. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Between 1921 and 1929, general prices as measured by wholesale or consumer prices (a) were stable overall. (b) fell dramatically. (c) increased moderately. (d) increased significantly. ANSWER (a)
Date: September 10th, 2020
The Township survey system set up by the Northwest Ordinance of 1785 established (a) a 50 square-mile township based on colonial New York. (b) an 84 square-mile township base on colonial Virginia. (c) a 36 square-mile township based on colonial Vermont. (d) an 18 square-mile township based on colonial Rhode Island. ANSWER (c)
Date: September 10th, 2020
In a floating exchange rate system, an increase in the value of the exchange rate could be caused by a. an increase in taxes. b. an decrease in government spending. c. a decrease in the domestic money supply. d. a decrease in exports. ANSWER C
Date: September 10th, 2020
