Which of the following industrial changes allowed the smallest start-up manufacturers to compete with great industrial capitalists?
A. A positive trade balance at the turn of the 20th century.
B. The completion of the national railroad network.
C. The development of the moving assembly line as a division of labor in manufacturing.
D. The transition from private electric generators to centralized utility based power production.
D. The transition from private electric generators to centralized utility based power production.
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Name two actions a government could take if it wants to implement a contractionary fiscal policy
What will be an ideal response?
The table above gives the demand schedule for peas. Between point A and point B, the price elasticity of demand equals
A) 0.11. B) 0.50. C) 0.22. D) 9.09.
The magnitude of the slope of the budget line measures the
A) opportunity cost of the good on the horizontal axis in terms of the good on the vertical axis. B) opportunity cost of the good on the vertical axis in terms of the good on the horizontal axis. C) price elasticity of demand. D) price elasticity of supply.
The aggregate demand curve is negatively sloped because a lower price level
A) reduces the real money supply. B) increases the real money supply. C) reduces aggregate income. D) increases aggregate income.