From 1944 to 2001, the number of workers employed in manufacturing in the United States
A) fell from about 38 percent to about 12 percent.
B) remained fairly steady at around 24 percent.
C) plummeted from over 75 percent to less than 5 percent.
D) slightly increased from roughly 17 percent to 19 percent.
Answer: A
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Elections tend to be closer when one candidate is extremely to the right or left
a. True b. False
The primary benefit of the automatic stabilizers is:
a. they provide public assistance through legislative decision making b. they require no new legislative action, so there is no legislative lag before these tools respond to fluctuations in the business cycle. c. they require legislative action, so there is a lag in response to these tools to fluctuations in the business cycle, and there is time to identify the spillover effects. d. none of the above.
Heartland and Soulland) If trade now opens up between the two economies, we can expect that:
A) Heartland will export drill presses to Soulland and import corn from it. B) Heartland will export corn to Soulland and import drill presses from it. C) both countries will export corn and drill presses. D) both countries will import corn and drill presses.
One likely result of a price ceiling is that:
A. a surplus of product would result. B. the price charged in the market would be above the equilibrium price. C. the price charged in the market would be the equilibrium price. D. the available product must be rationed.