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
One thing that Keynesians and Monetarists agree about is a. the shape of the money demand function. b. that business cycles are primarily driven by changes in aggregate demand. c. the use of monetary and fiscal policy in stabilizing output. d. that the public forms their expectations primarily by looking backwards. e. both b and […]
Date: September 10th, 2020
The object of the Northwest Ordinances of 1785 and 1787 was to preserve the public domain from private exploitation. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Under a fixed exchange rate system, the central bank must a. have an unlimited supply of domestic currency. b. have a very large supply of foreign assets. c. follow a constant money growth rule. d. allow the money supply to adjust to keep interest rates and exchange rates unchanged. ANSWER B
Date: September 10th, 2020
The “monopoly issue” is concerned with the fact that (a) monopolies will “charge what the traffic will bear” in order to maximize their profits. (b) monopolies will attempt to increase their profits by discriminating among their customers and charge prices that they are willing to pay, instead of charging one price. (c) monopolies will be […]
Date: September 10th, 2020
The First Continental Congress met in September and October of 1774 and listed several complaints against the British government, including (a) an objection not to the Navigation Acts but to the taxation without consent. (b) the argument that they were entitled to all the rights of British citizenship. (c) the demand that virtually all of […]
Date: September 10th, 2020
