During the Civil War, the government faced two classic problems: How to acquire the financial resources it needed to carry on the affairs of government and, at the same time, stabilize the monetary system. It solved this dual problem by creating
a. Continental currency which soon rapidly depreciated
b. the Second Bank of the United States
c. a national banking system by enacting the National Bank Act
d. the Exchequer of the Currency department to abolish the national currency
e. speculative land notes that could easily be converted to gold
C
You might also like to view...
The prospective gain per season to an owner from recruiting a new star player is that player's
A. reservation wage. B. capital value. C. marginal revenue product. D. marginal cost.
Figure 7.6 shows prices, demands, and cost data for the only restaurant in a small town. Compared to the profit under the single price policy, how much additional profit does the restaurant earn under the senior discount policy of a $7 senior price and a $10 non-senior price?
A. $920 B. $580 C. $300 D. $280
The existence of externalities is due mainly to the fact that
A) monopolies tend to produce too little of a good anyway. B) the optimal level of pollution is zero. C) pollution is not a serious problem. D) property rights are poorly defined.
Refer to the information provided in Figure 18.1 below to answer the question(s) that follow.
Figure 18.1Refer to Figure 18.1. The third fifth of families earned ________% of income in Outland.
A. 12 B. 23 C. 25 D. 35