Many railroads received government subsidies and land grants and, thus, were influenced by the government
Indicate whether the statement is true or false
True
You might also like to view...
A speculator who incorrectly anticipates the future
A) cannot inflict a loss on others because one person's loss must be someone else's gain. B) incurs a personal loss but benefits everyone else. C) inflicts a loss on others and incurs a personal loss. D) makes a personal profit but inflicts a loss on others.
According to Keynes' fixed money wage theory, when the price level is higher than expected the real wage is ____ than expected and unemployment is ______ than expected
a. lower; lower b. higher, higher c. lower; higher d. higher; lower
When barriers to trade are imposed, we should expect some groups to be harmed at the expense of other groups
a. True b. False Indicate whether the statement is true or false
Economic theory indicates that the economy is better off not to produce proved reserves of a mineral "too quickly." By this, we mean that we
a. prefer some bad luck in exploration efforts, rather than too much good luck in finding the resources. b. do not want the resource to be too abundantly available since this would reduce its price and GDP. c. want to use other nations' resources first, even if doing so is more costly. d. do not want to use additional resources for exploration if the present discounted value of the benefits is smaller than the cost.