At the end of the 18th century, approximately _______ percent of the American people earned a major portion of their income by farming
a. 25
b. 50
c. 70
d. 90
d. 90
You might also like to view...
A situation in which a single individual can provide a private good is known as the volunteer's dilemma
Indicate whether the statement is true or false
The benefit of a subsidy accrues mostly to consumers
A) in every instance. B) if Ed/Es is large. C) if Ed/Es is small. D) if Ed and Es are equal. E) in no instance.
_____ are changes in fiscal policy that stimulate aggregate demand when the economy goes into recession without policymakers having to take any deliberate action
Fill in the blank(s) with correct word
If a positive permanent supply shock were to occur, the resulting equilibrium would be a:
A. higher level of output at lower prices. B. lower level of output and prices. C. higher level of output and prices. D. lower level of output at higher prices.