Before 1860, most of the U.S. population lived _____ and most workers _____
a. in small to medium cities; were members of trade guilds
b. in rural areas; were self-employed
c. in large cities; were self-employed
d. in large cities; were employed in mills and factories
b. in rural areas; were self-employed
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Under conditions of perfect competition, AR and MR
a. are represented by a straight vertical line. b. diverge. c. are represented by a straight horizontal line. d. are represented by an upward sloping line.
The outside lags related to monetary policy tend to be quite long
Indicate whether the statement is true or false
The U.S. and other industrializing nations depended heavily on international trade
Indicate whether the statement is true or false
Political candidates running for the same office tend to voice
A) the same views on how things should be accomplished so that one candidate does not gain an advantage over the other. B) the same views on how things should be accomplished, simply because there usually is no difference between their views. C) quite different views on how things should be accomplished so that voters will see that one approach is better than another. D) the same views on what things should be accomplished, but not speak specifically on how things should be accomplished.