From 1865 to 1910, the U.S. share of world trade was
(a) nonexistent.
(b) miniscule.
(c) disproportionately small compared to the British.
(d) disproportionately high compared to the U.S. population.
(d)
You might also like to view...
_______________ refers to openness in revealing information about the operations of companies, organizations, institutions, and governments
a. Transparency b. Viscosity c. Liquidity d. Apprenticing
If marginal revenue exceeds marginal cost, profit maximizers should:
a. reduce output until they are equal. b. increase output until they are equal. c. increase output until profits are zero. d. decrease output unless profits are zero. e. maintain current output.
If the Fed responds to an increase in government spending with the goal of stable prices and output, which of the following would be the result?
a. A larger multiplier effect than normal b. Partial crowding out c. An increase in consumption and investment spending d. No crowding out e. Complete crowding out
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward