The United States was taken off the gold standard by
A. President Jimmy Carter.
B. President Richard Nixon.
C. President Lyndon Johnson.
D. President Ronald Reagan.
Answer: B
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Between 1820 and 1860, cotton output per slave:
a. remained fairly stable. b. increased by about 10 percent. c. increased by fourfold or more. d. decreased slightly.
The fact that a gallon of gasoline commands a higher market price than a gallon of water indicates that
a. gasoline is an economic good but water is not. b. the marginal utility of gasoline is greater than the marginal utility of a gallon of water. c. the average utility of a gallon of gasoline is greater than the average utility of a gallon of water. d. the total utility of gasoline exceeds the total utility of water.
What is the role of the "informativeness principle" in designing a compensation package for an individual in a corporate environment?
What will be an ideal response?
According to Okun's law
A. an increase in inflation above trend, will lower unemployment B. an increase in real gdp growth above trend, will lower unemployment C. an increase in interest rates, above trend, will lower unemployment D. an increase in real gdp growth, above trend, will lower inflation