Republicans in Congress pushed for the passage of the National Bank Act of 1863 because:
a. they wanted the executive branch to have more control over the amount of notes in circulation.
b. they wanted to encourage a mild inflation in the U.S.
c. they felt that the Act would reduce the temptation for weak administrations to over issue paper currency.
d. they wanted to reduce the number of banks in the U.S.
c. they felt that the Act would reduce the temptation for weak administrations to over issue paper currency.
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According to the graph shown, if this economy were open to free trade, domestic producers would produce how many units?
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. 60
B. 115
C. 150
D. 90
Those who believe that monopolies are both inevitable and undesirable would probably support price regulation
Indicate whether the statement is true or false
?The formula for "expected value" may be written as
A. ?(Probability of state A + Value in state A) × (Probability of state B + Value in state B) B. ?(Probability of state A × Value in state A) + (Probability of state B × Value in state B) C. ?(Probability of state A × Value in state A) – (Probability of state B × Value in state B) D. ?(Probability of state A – Value in state A) × (Probability of state B – Value in state B)
Recall the Application about the price competition between satellite and cable TV services to answer the following question(s).Recall the Application. In most cases where satellite TV service is introduced in an area with cable TV service, if the price of cable TV decreases, then consumer surplus (in the cable TV market):
A. increases. B. decreases. C. drops to zero. D. becomes negative.