Which of the following cases was most important for ensuring the United States an internal common market?
(a) Charles River Bridge v. Warren Bridge (1837)
(b) McCulloch v. Maryland (1819)
(c) Gibbons v. Ogden (1824)
(d) Dartmouth College v. Woodward (1819)
(c)
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The difference between the investment demand curve and the investment schedule is that the former shows a(n)
A. direct relationship between investment and interest rate, while the latter shows no correlation between investment and income. B. inverse relationship between investment and income, while the latter shows no correlation between investment and interest rate. C. direct relationship between investment and income, while the latter shows no correlation between investment and interest rate. D. inverse relationship between investment and interest rate, while the latter shows no correlation between investment and income.
Which of the following best describes a double coincidence of wants?
A) Two buyers want the same good. B) Neither buyer wants a good. C) You have what another wants and you want what they have. D) A buyer and a seller rather than two buyers or two sellers must meet. E) None of the above answers is correct.
What was the first federal government agency established to regulate business?
(a) The Federal Trade Commission (b) The Securities and Exchange Commission (c) The Federal Power Commission (d) The Interstate Commerce Commission
If government purchases are increased by $100, taxes are reduced by $100, and the MPC is 0.8, equilibrium output will change by
A. -$400. B. $900. C. $1,800. D. an amount that cannot be determined from this information.