Which one of the following was a secondary effect of the stock market crash of 1929?
a. an increase in the money supply in the early 1930s
b. a decline in consumption expenditures because of the reduction in the wealth of stockholders
c. an increase in the supply of loanable funds as people transferred funds from the stock market into savings accounts
d. an increase in tax revenues as the sellers of stocks paid the capital gains tax on stocks that had appreciated during the 1920s
B
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As it relates to migration, self-selection is most likely to apply to:
A. Highly-skilled immigrants B. Low-skilled immigrants C. Highly-skilled domestic workers D. Low-skilled domestic workers
The "Cross of Gold" speech was:
A. in favor of the gold standard and was given in 1896. B. against the gold standard and was given in 1896. C. in favor of the gold standard and was given in 2008. D. against the gold standard and was given in 2008.
The great Franco-American cheese war of 2009 began with:
A. beef. B. Swiss cheese quotas. C. camembert cheese tariffs. D. cheddar cheese import restrictions.
"A positive economic statement is always true and a normative economic statement is always false." Do you agree or disagree with this statement? Explain
What will be an ideal response?