By 1860, the U.S
(a) had achieved an equal distribution of income and wealth.
(b) had experienced growth in both agriculture and manufacturing, but growth in manufacturing had begun to outpace agriculture.
(c) land had become the primary income-earning asset.
(d) experienced a slowdown in urbanization and rapid expansion in agriculture at the expense of manufacturing.
(d)
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Once the federal funds rate hits zero, a central bank seeking to stimulate its economy further must turn to unconventional monetary policies.
Answer the following statement true (T) or false (F)
If a cartel firm is producing the agreed upon quantity, they are producing at a level where ________.
A) the difference between marginal revenue and marginal cost (MR - MC) is negative B) their marginal cost exceeds their marginal revenue C) their marginal revenue equals their marginal cost D) their marginal revenue exceeds their marginal cost
If this firm were a perfect competitor, what price would it charge in the long run?
A. OE
B. ON
C. OF
D. None of the choices are correct.
Two nations, ECON and OMICS, each produce goods A and B. The table gives points on each nation's production possibilities curve.ECONOMICSABAB08024162182441232664080For OMICS, the opportunity cost of producing an additional unit of A is
A. 1 unit of B. B. 2 units of B. C. 3 units of B. D. 4 units of B.