The majority of funding for 19th century American canal building came from
a. the federal government.
b. state governments.
c. local governments.
d. private investors.
b. state governments.
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The economy's long-run AS curve assumes that wages and other resource prices ________.
A. are flexible upward but inflexible downward B. eventually rise and fall to match upward or downward changes in the price level C. rise and fall more rapidly than the price level D. are relatively inflexible both upward and downward
Much of the outcry in the 2008 fight over a fat bailout for Wall Street focused on the size of Wall Street's fat paychecks
The real problem, according to corporate governance researchers, isn't the amount executives receive, it's how companies pay them. Most companies link compensation to quarterly performance, encouraging short-term gambles. One way to align pay with long-term incentives and discourage risky bets would be to stretch compensation over more years. What is a suggested solution to the principal-agent problem? A) employee ownership B) employee incentive pay C) employee long-term contracts D) employee monitoring
Which of the following taxes causes the greatest shift of the Lorenz curve toward the line of equality?
A) proportional income tax B) regressive income tax C) flat-rate income tax D) progressive income tax
Expansions in globalization and the reduction of worldwide trade barriers during the 1980s and 1990s most likely had what effect on the demand for U.S. labor?
A. The demand for unskilled workers increased, while the demand for skilled workers decreased. B. The demand for unskilled and skilled workers increased. C. The demand for unskilled workers increased, while the demand for skilled workers did not change. D. The demand for unskilled and skilled workers decreased. E. The demand for unskilled workers decreased, while the demand for skilled workers increased.