The "Crime of ‘73" did not stop the Federal Treasury from buying massive amounts of silver at above-market prices before 1900
Indicate whether the statement is true or false
True
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If the production of wheat were subsidized by government,
A) the demand for wheat would increase. B) the supply of wheat would increase. C) both A & B would occur. D) none of the above would occur.
Every transaction concerning the exportation of U.S. goods constitutes a
A) demand for dollars, with no effect on markets for foreign currencies. B) supply of foreign currency, with no effect on the market for dollars. C) supply of foreign currency and demand for dollars. D) demand for foreign currency and a supply of dollars.
The ability to produce a good or service at a lower opportunity cost than other producers is
A) absolute advantage. B) the quota system. C) intellectual property. D) comparative advantage.
Including discouraged workers in the calculation of the unemployment rate would
A. not change the reported rate. B. increase the reported rate. C. change the reported rate, but in an unpredictable manner. D. lower the reported rate.