Northeastern farmers responded to increasing western competition in the 1800s by
a. reducing grain cultivation.
b. increasing production of dairy products.
c. growing hay to feed city horses.
d. moving to the city or the West.
e. All of the above.
e. All of the above.
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The above figure shows the marginal benefits and marginal costs of a college education. If colleges receive a $5,000 subsidy, then enrollment equals
A) 0. B) 10 million. C) 15 million. D) 25 million.
When the price of a financial asset ________ its interest rate will ________
A) rises; remain the same B) falls; rise C) falls; fall D) rises; rise
Suppose that an internet-based program, Novus, wants to raise $10 million to expand its business operations. Describe how Novus can raise these funds directly through each of the follow options: issuing stock, issuing bonds, or obtaining a bank loan. Compare and contrast these three options.
What will be an ideal response?
Exhibit 11-2 Aggregate demand and supply model
Suppose the economy in Exhibit 11-2 is in equilibrium at point E1 and the marginal propensity to consume (MPC) is 0.75. Following Keynesian economics, the federal government can move the economy to full employment at point E2 by:
A. decreasing government tax revenue by approximately $33 billion. B. decreasing government tax revenue by $750 billion. C. increasing government tax revenue by $100 billion. D. increasing government tax revenue by approximately $33 billion.