What does an empirical analysis of the key votes at the Constitutional Convention suggest?
(a) Merchants, manufacturers, capitalists, creditors, and public and private security holders supported a national system of government.
(b) Delegates from larger and coastal states, as well as bankers and other private debt holders, were most likely to support the new Constitution.
(c) Slaveholders were likely to stand in opposition to the Constitution, while farmers and debtors were either opposed or indifferent.
(d) All of the above are correct.
(d)
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Refer to the table above. What is the marginal rent cost if the firm decides to choose factory Very Close over factory Close?
A) -$100 B) -$200 C) $100 D) $200
If McDonald's, Wendy's, and Burger King agree with each other not to sell hamburgers for less than $3.95 apiece, all three could be found guilty of
A) an interlocking directorship under the Clayton Act. B) price fixing under the Sherman Act. C) a deceptive business practice under the Clayton Act. D) None of the above answers is correct.
One reason there is political opposition to international trade is that:
A. the potential gains from specialization and trade are small. B. not everyone benefits from trade. C. trade does not increase the total value of goods and services produced by a nation. D. the differences in opportunity costs between countries are small.
If bond prices decrease, then the
A. transactions demand for money will decrease. B. interest rate increases. C. interest rate decreases. D. transactions demand for money will increase.