Court rulings in the 19th century
(a) tended to favor business and profit-making activities.
(b) tended to protect traditional amenity rights of property, such as the right to clean air, clean
water, scenery and quiet enjoyment of property.
(c) tended to favor small business activities over big business corporate activities.
(d) tended to promote worker safety and ensure that employers were fully liable for
worker injuries, should they occur.
(a)
You might also like to view...
The percentage of the population that lived in urban areas rose from approximately 5% in 1790 to 40% in 1860
Indicate whether the statement is true or false
Gains from trade are the:
A. increase in welfare in both countries that results from specialization and trade. B. transfer of surplus by the receiving country that results from trade. C. deadweight loss by the losing country that results from trade. D. increased skills and human capital that results from specialization and trade.
According to the Keynesian view, the prolonged unemployment of the Great Depression
a. was surprising because Keynesians believed that wage rates would decline and direct the economy to full employment. b. was surprising because Keynesians believed that lower interest rates would direct the economy to full employment. c. resulted because the total expenditures on goods and services were less than the full-employment rate of output. d. resulted because the federal government ran large budget deficits during the 1930s.
The private ownership of property resources and use of prices to direct and coordinate economic activity is characteristic of:
a. Socialism b. A command system c. Communism d. A market system