Industrial growth and location changed while manufacturing employment rose in the Sun Belt and fell in the Frost Belt. This growth and relocation were primarily due to the relocation of plants, functions and people moving from the Frost Belt to the Sun Belt. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Which of the following statements is (are) correct? Under a floating exchange rate system a. dramatic swings in the dollar have become less common the last 20 years. b. the dollar has exhibited considerable volatility, particularly over the last 20 years. c. the value of the dollar has been targeted within a specific range. d. […]
Date: September 10th, 2020
Governments, not markets, have the best record of allocating investment resources into those projects with the highest expected rate of return. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
People have incentive to efficiently and effectively use land in the public domain or held by a communal group. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
A trade surplus could be balanced by all of the following except a. borrowing from domestic citizens. b. selling domestic assets to foreigners. c. borrowing from foreigners. d. selling foreign assets already owned by U.S. citizens to foreigners. ANSWER A
Date: September 10th, 2020
The stage of industrial development during the early part of the 20th century is usually referred to as Fordism. The characteristics of this system include all of the following except (a) Moving assembly-line production (b) Mass production of relatively inexpensive consumer goods (c) The extensive use of skilled labor to produce complex consumer goods (d) […]
Date: September 10th, 2020
Between 1929 and 1982, according to Edward Denison, approximately a. one-fourth of the growth in output was due to the increase in the quantity of labor. b. one-third of the growth in output came from an increase in the quantity of labor. c. forty-five percent of the growth in output was credited to an increase […]
Date: September 10th, 2020
In 1886, what did the U.S. Supreme Court rule in Wabash, St. Louis, and Pacific Railway v Illinois? (a) Only the federal government could regulate commerce across states. (b) Only the states had the right to regulate commerce across states. (c) Neither the federal or state governments had the right to regulate across states. (d) […]
Date: September 10th, 2020
According to the second monetarist proposition, which of the following factors do not determine the level of real output in the long run? a. The stock of capital goods b. The size of the labor force c. The quality of the labor force d. The state of technology e. The quantity of money ANSWER […]
Date: September 10th, 2020
During the decade of the 1920s, the U.S. economy (a) was generally healthy and gave no indication of the troubles that lay ahead regarding the Great Depression. (b) was relatively stagnant in terms of growth of total output with small declines in agriculture and housing, which suggested that difficult times might lie ahead in the […]
Date: September 10th, 2020
