Of the recessions and expansions from 1950 to 1990, the common events were
a. reactions to war and oil prices
b. tax increases and tax cuts
c. changes in exports
d. Decreases in welfare spending
e. Increases and decreases in health care spending
A
You might also like to view...
The marginal cost of producing fish increases by $.01 with each additional fish. The marginal cost of the first fish is $.01, for the second it is $.02, etc. If the market price for fish is $7 per fish and your total fixed cost is $7,000 . you should
a. stop fishing after the 7,000th fish b. stop fishing after the 700th fish c. stop fishing after the 1,000th fish d. shut down e. there is not enough information to answer this question
An example of “cream skimming” is when
A. a firm charges the same price to all consumers, even though costs for some are higher. B. a firm offers a reduced price to the best-paying customers of their competitors. C. a firm offers a reduction in price on a package sale of two items. D. All of these are examples of “cream skimming.”
Which of the following characteristics of money can be found in bars of gold?
a) portability, uniformity, and stability in value b) portability and acceptability c) uniformity, acceptability, and stability in value d) uniformity and durability e) portability and stability in value
The Social Security system in the United States was introduced in which year?
A) 1915 B) 1935 C) 1945 D) 1955 E) none of the above