When transportation costs fall, consumer prices have a tendency to rise. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
When he invented the cotton gin in 1793, Eli Whitney exhibited (a) entrepreneurial behavior. (b) greedy behavior. (c) selfish behavior. (d) immoral behavior. ANSWER (d)
Date: September 10th, 2020
During the antebellum period, the majority of the family labor on farms was devoted to investment type of activities—clearing land, constructing fences and buildings, and feeding and breeding livestock. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
The Populists succeeded in using the federal government to limit subsidies granted to corporations. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
All national banks were required to join the Federal Reserve Bank of their region; however, state banks could do so on a voluntary basis. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The Kansas-Nebraska Act of 1854 did not allow popular sovereignty over the issue of slavery. Indicate whether the statement is true or false ANSWER False Multiple Choice Using the economic way of thinking and holding all else constant, choose the best answer among those provided.
Date: September 10th, 2020
The region that was using mechanized harvesting equipment before the Civil War was (a) the Northeast. (b) the South. (c) the West. (d) the Far West. ANSWER (b)
Date: September 10th, 2020
The “Crime of ‘73” did not stop the Federal Treasury from buying massive amounts of silver at above-market prices before 1900. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
By 1860, over one-half of all Southern farms utilized slave labor. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
In which case did the U.S. Supreme Court decide the Constitution was “intended to endure for ages to come and, consequently, to be adapted to various crises of human affairs”? (a) Nebbia v New York (1934) (b) Munn v Illinois (1877) (c) McCulloch v Maryland (1819) (d) Dartmouth College v Woodward (1819) ANSWER (c)
Date: September 10th, 2020
