_______________ sold low-priced, prefabricated homes to people who wanted to move to the suburbs after World War II.
A. Andrew Carnegie
B. William Levitt
C. Henry Ford
D. Cyrus McCormick
B. William Levitt
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A firm's accounting profit is measured as
A) operating expenses minus revenue. B) revenue minus operating expenses and taxes paid. C) revenue plus operating expenses minus taxes paid. D) net worth minus economic profit.
Using the points on the diagram below, identify which combinations of these points illustrate diminishing returns to capital. Give a brief explanation to support your answer
What will be an ideal response?
The racial profile of colonial South Carolina:
a. was typical of the colonies as a whole. b. was closer to that of the French and British West Indies than to that of its neighboring colonies. c. was dominated by whites until nearly 1750. d. indicates that it had a higher concentration of blacks than any colony except Virginia.
The expectation of a higher inflation rate will cause: a. the short-run Phillips curve to become vertical. b. the short-run Phillips curve to shift leftward
c. a movement up along a short-run Phillips curve. d. the short-run Phillips curve to shift rightward.