The turnpikes built in the early 1800s were
(a) intercity toll roads.
(b) highly profitable enterprises.
(c) financed entirely by private enterprise.
(d) regulated by the federal government.
(a)
You might also like to view...
During the Great Depression, as real interest rates rose, good credit risks were less likely to seek loans. This process illustrates the phenomenon of ________
A) adverse selection B) moral hazard C) poor monetary policy D) debt deflation
The idea behind comparative advantage reflects the possibility that one party a. may be able to produce something relatively more efficiently than another. b. may be able to produce something at a lower opportunity cost than another. c. may be able to produce something more cheaply than another
d. all of the above
If the dollar price of a foreign currency increases, there will be a(n)
a. rightward movement along the supply of foreign exchange curve b. leftward movement along the supply of foreign exchange curve c. leftward shift of the supply of foreign exchange curve d. rightward shift of the supply of foreign exchange curve e. tendency for the supply of foreign exchange curve to become flatter
Suppose that Mexico devalues the peso. What objectives would prompt the devaluation? Be specific.
What will be an ideal response?