Which of the following is true?
A. The completion of the transcontinental railroad system in the 1880s eventually made the United States the world's first mass market.
B. Southern manufacturers were hurt by the high protective tariffs of the 19th century that kept out cheaper British manufactured goods.
C. Agricultural inventions such as John Deere's steel plows greatly improved farm productivity.
D. All of the choices are true.
D. All of the choices are true.
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The level of reserves in the monetary system is determined by
A. Congress. B. the President of the United States. C. the Treasury Department. D. the Federal Open Market Committee.
A major cartel problem is that member firms cheat by attempting to steal customers from one another
a. True b. False Indicate whether the statement is true or false
What best explains the difference between the two graphs in the Accounting Profits versus Economic Profits table?
a. Accounting profits are smaller than economic profits because they factor in explicit costs.
b. Economic profits are smaller than accounting profits because they factor in implicit costs.
c. Economic profits are smaller than accounting profits because they do not factor in implicit costs.
d. Accounting profits are smaller than economic profits because they do not factor in explicit costs.
Other things equal, a decrease in autonomous consumption shifts the ________ curve to the ________
A) IS; right B) IS; left C) LM; left D) LM; right