Internal economies in the U.S. during its period of industrialization involved the
(a) production of goods in factories.
(b) production in small, isolated towns spread throughout the U.S.
(c) production of goods in factories grouped together in the same geographical region.
(d) production of goods in isolated factories spread throughout the U.S.
(a)
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Since the 1960's, consumer spending in the U.S. has been approximately ________ percent of disposable income, whereas saving has been approximately ________ percent of disposable income
a. 30; 70 b. 50; 50 c. 65; 35 d. 90; 10
Suppose there is an increase in both the supply and demand for personal computers. Furthermore, suppose the supply of personal computers increases more than demand for personal computers. In the market for personal computers, we would expect the
a. equilibrium quantity to rise and the equilibrium price to rise. b. equilibrium quantity to rsie and the equilibrium price to fall. c. equilibrium quantity to rise and the equilibrium price to remain constant d. equilibrium quantity to rise and the change in the equilibrium price to be ambiguous. e. change in the equilibrium quantity to be ambiguous and the equilibrium price to rise.
Under an emissions tax program, the government sets ____; under an emissions permits program, the government sets ____.
A. the price of the right to pollute; the price of the right to pollute B. the price of the right to pollute; the permitted total quantity of pollution C. the permitted total quantity of pollution; the price of the right to pollute D. the permitted total quantity of pollution; the permitted total quantity of pollution
If higher tariffs and more restrictive quotas reduced the imports of the United States,
A) unemployment in the United States would decline. B) U.S. exports would also increase because foreigners would want to buy more from U.S. producers. C) U.S. exports would decline because foreigners would be earning fewer of the dollars needed to purchase goods and services from Americans. D) U.S. employment would increase.