The great Franco-American cheese war of 2009 began with:
A. beef.
B. cheddar cheese import restrictions.
C. Swiss cheese quotas.
D. camembert cheese tariffs.
A. beef.
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Government policies that help increase the skills of the workforce or that subsidize employment more directly would
a. decrease employment and increase output b. increase employment and decrease output c. increase employment and increase output d. increase unemployment and decrease output e. increase unemployment and increase output
The demand for money varies
a. directly with both the price level and the level of real GDP. b. inversely with both the price level and the level of real GDP. c. inversely with the price level and directly with the level of real GDP. d. directly with the price level and inversely with the level of real GDP. e. inversely with the level of nominal GDP.
The two economic conflicts between the North and the South that led to the Civil War were (1) _________________ and (2) ________________.
Fill in the blank(s) with the appropriate word(s).
According to the principle of diminishing returns, if the number of workers is increased beyond the point of diminishing returns, then the additional worker:
A. increases total output by the same amount as previous workers. B. increases total output by more than the amount of previous workers. C. increases total output by less than the amount of previous workers. D. decreases total output.