Which of the following is false?
A. The completion of the national railroad network by 1890 led to the development of a national American market rather than just a series of smaller regional markets.
B. Northern manufacturers benefited from high protective tariffs, which kept out cheaper British goods.
C. The U.S. was the first mass-consumption society.
D. Aside from slavery, southern and northern agriculture were very similar.
D. Aside from slavery, southern and northern agriculture were very similar.
You might also like to view...
Government regulations requiring firms that desire to sell securities in financial markets to disclose all available information
A) eliminate the adverse selection problem (when rigorously enforced). B) increase the difficulty that young firms may have in raising funds. C) eliminate the moral hazard problem in securities markets. D) fail to eliminate the adverse selection problem, in part because they do not greatly reduce the difficulty that young firms have in raising funds.
When the price of a good is legally set below the equilibrium level, a shortage often results. This shortage
a. is a temporary failure of the market mechanism. b. is the result of a shift in demand. c. is the result of a shift in supply. d. occurs because the price ceiling prevents the market mechanism from establishing an equilibrium price.
Why would an ounce of gold be priced higher than an ounce of coffee beans, even though coffee is generally considered more essential than gold? Explain the paradox in terms of marginal and total utility
Please provide the best answer for the statement.
Refer to the information provided in Figure 1.3 below to answer the question(s) that follow.
Figure 1.3Refer to Figure 1.3. If a 45-degree line were also graphed, the existing line shown on the graph would ________ it.
A. lie below B. cross C. lie above D. The answer is indeterminate from this information.