Which United States President is most closely linked with "The Great Society"?
a. Franklin D. Roosevelt
b. Lyndon Johnson
c. Richard Nixon
d. Ronald Reagan
b. Lyndon Johnson
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What is the effect of a decrease in the price of potato chips on the market for pretzels?
a. Both equilibrium price and equilibrium quantity rise. b. Both equilibrium price and equilibrium quantity fall. c. Equilibrium price rises and equilibrium quantity falls. d. Equilibrium price falls and equilibrium quantity rises. e. Equilibrium price and equilibrium quantity remain unchanged.
In the United States in 2012, we produce about 1 barrel of oil for every
A) barrel of oil we export. B) barrel of oil we import. C) two barrels of oil we import. D) ten barrels of oil we import.
A useful theory must
A. apply to every conceivable situation. B. be broadly applicable. C. be agreed upon by all economists. D. not be able to be refined.
A World View article, "Glaring Inequalities," says that income inequality tends to diminish as a nation develops. The distribution of income answers the ________ question.
A. WHY B. WHERE C. HOW MUCH D. FOR WHOM