A trade deficit can be financed by all of the following except a. a surplus in the capital account. b. a surplus in the official reserves transaction account. c. selling U.S. assets to foreigners. d. U.S. citizens buying foreign stocks and bonds. ANSWER D
Date: September 10th, 2020
Munn v Illinois (1877) was particularly important with regard to government regulation because it (a) upheld the traditional right of businesses to act freely without interference by government. (b) established the right of government to regulate any business that was deemed “clothed” in the public interest. (c) established the right of government to regulate any […]
Date: September 10th, 2020
Why did railroads come under government regulation? (a) Disgruntled shippers and travelers raised an outcry about the routes of railroads. (b) Some people effectively argued that railroads were charging “unfair” rates. (c) The railroad industry was too competitive, thus driving rates below those necessary to ensure normal profits for railroad companies. (d) All of the […]
Date: September 10th, 2020
Total credits in the balance of payments accounts are equal to the a. supply of foreign exchange. b. demand for dollars. c. demand for foreign exchange. d. supply of dollars. e. Either a or b ANSWER E
Date: September 10th, 2020
Provision was made for squatters’ rights in the 1785 Northwest Ordinance. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
The evidence of building costs in the 1920s shows that the decline in total construction after 1926 (a) reflected the sharp increase in costs as the boom gathered strength. (b) occurred when building costs remained stable. (c) occurred in the presence of sharply falling costs that anticipated the 1929 crash. (d) was a result of […]
Date: September 10th, 2020
The loss of total market share of steel in the world market for steel can be blamed on steel producers’ decisions to not adopt the latest steel technology. The producers in other countries that adopted it gained market share at the expense of the U.S. Indicate whether the statement is true or false ANSWER […]
Date: September 10th, 2020
A slowdown in labor productivity causes a slowdown in economic growth when all else is held constant. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Federal land policy of the United States was much less generous toward squatters than some of the colonial government’s land policies before Independence. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
There has been a massive relocation of heavy industry from the U.S. Northeast and upper Midwest to the “Sun Belt.” Indicate whether the statement is true or false ANSWER False (it is a myth.)
Date: September 10th, 2020
