The immigrants most likely to go directly to the lands in the West, rather than be absorbed into the eastern city populations, were from
a. England and Scotland.
b. Germany
c. Ireland.
d. France.
b. Germany.
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Refer to Scenario 3 . What would have to occur for three huts to be produced along with 100 coconuts?
What will be an ideal response?
If you were told that the exchange rate between the U.S. dollar and the Canadian dollar was 1.2, that would mean that Canadians would have to spend ____ to buy a $12 watch in New York City.
A. 18 Canadian dollars B. 10 U.S. dollars C. 12 U.S. dollars D. 14.4 U.S. dollars
Changes in the equilibrium interest rate will:
A. affect both the size of the domestic output and the allocation of capital goods among industries. B. affect the size of the domestic output, but not the allocation of capital goods among industries. C. affect the allocation of capital goods among industries, but not the size of the domestic output. D. have no perceptible effect on either the size of the domestic output or the allocation of capital goods among industries.
The monopolist should NEVER produce in the
A) elastic segment of its demand curve because it can increase total revenue and reduce total cost by lowering price. B) inelastic segment of its demand curve because further lowering of the price reduces total revenue. C) range of output for which the price elasticity of demand is infinity. D) range of output for which there is a price elasticity exceeding one.