The transcontinental railroads were completed in the 25 years
A. before the Civil War.
B. after the Civil War.
C. after 1890.
D. after the 20th century began.
B. after the Civil War.
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In a competitive industry
a. firms produce a product or service with very close substitutes b. the firms products have a very elastic demand c. the firms have many rivals d. all of the above
Which of the following is evidence of an ineffective cartel?
a. Output changes are dictated by changes in demand. b. Price changes are dictated by changes in demand. c. Members do not agree on output quotas. d. All of these.
Suppose that you are a broker and people tell you the following about themselves. What sort of bond would you recommend to each? Defend your choices
a. "I am in a high federal income tax bracket and I don't want to take very much risk." b. "I want a high return and I am willing to take a lot of risk to get it." c. "I want a decent return and I have enough deductions that I don't value tax breaks highly."
If consumers save 15 cents out of every dollar received, the:
A. Multiplier is 15. B. MPS is 0.85. C. MPS is 0.15. D. Multiplier is 0.15.