Which was not one of the main U.S. land acquisitions?
a. Mexican Cession
b. Western Purchase
c. Gadsden Purchase
d. The Oregon Country
b. Western Purchase
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When Acme, Inc produces a certain amount of output at least cost, Acme, Inc definitely
A) achieves economic efficiency. B) uses more capital than labor. C) earns a normal profit. D) None of the above is true.
Assume that a firm pays its workers above the market-clearing wage in a competitive industry. Explain how this might be a strategy to mitigate the problem of moral hazard?
What will be an ideal response?
Alt-A mortgages are
A) mortgages which are bundled together by financial institutions and sold to investors. B) mortgages issued to borrowers who fail to document that their incomes are high enough to afford their mortgages. C) mortgages issued to borrowers with flawed credit histories. D) government-backed mortgages issued by Fannie Mae and Freddie Mac.
A decrease in net taxes at a given price level leads to
A. a decrease in aggregate demand. B. no change in aggregate demand. C. a decrease in aggregate supply. D. an increase in aggregate demand.