Employment in manufacturing fell by almost twenty percent between 1980 and 1999. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The United States balance of payments accounts a. records all earnings from the foreign activities of U.S. residents. b. records all expenditures of U.S. citizens’ abroad. c. records all earnings from the foreign activities of foreign governments. d. Both a and b e. All of the above ANSWER D
Date: September 10th, 2020
Capital outflows in the balance of payments accounts include a. purchases of financial assets by U.S. residents. b. direct investments in foreign countries. c. indirect investments in foreign countries. d. purchases of U.S. real estate by foreigners. e. all of the above ANSWER E
Date: September 10th, 2020
Some economic historians argue that the Interstate Commerce Commission (ICC) was the first case of the “capture” of a federal regulatory commission. What does this mean? (a) The railroads used the ICC to solve the problems of cartel management. (b) The users of the railroads—passengers and shippers—influenced the ICC to keep railroad rates high and […]
Date: September 10th, 2020
Farm prices fell sharply in 1919–21 . Then, until 1929, the farm “terms of trade” (the movement of farm prices relative to the movement of non-farm prices) (a) collapsed by more than half. (b) remained essentially unchanged. (c) actually rose. (d) collapsed, but only slightly. ANSWER (c)
Date: September 10th, 2020
A federal surplus is deflationary when all else is held constant. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
If the nominal rate of interest on a bond was 5 percent, the inflation rate was 3 percent and an individual was in a 25-percent tax bracket, the after-tax real return on the bond would be equal to a. 2 percent. b. 2.5 percent c. .5 percent.. d. -.5 percent. e. none of the above. […]
Date: September 10th, 2020
The evidence shows that both the U.S. steel and auto industries seem to have lost their vigor for growth and competitive edges in the global marketplace. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
In answer to the question “How did Britain affect American economic growth?” Hughes and Cain (2011) reach what conclusion? (a) The colonies were launched with English institutions, and they were allowed to modify them to meet local needs. In exchange for their investment in the colonies, the British expected the American colonies to produce and […]
Date: September 10th, 2020
Monetarists emphasize a. crowding-out but not the liquidity trap. b. crowding-out and the liquidity trap. c. the liquidity trap but not crowding-out. d. neither crowding-out nor the liquidity trap. ANSWER A
Date: September 10th, 2020
