The most notable surfaced road of the 19th century, ___________, was built using federal government funds
a. the Cumberland Road
b. the Wilderness Road
c. the Natchez Trail
d. the Forbes Road
a. the Cumberland Road
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Is $1,000 received today worth as much as $1,000 received one year from now? Explain your answer
What will be an ideal response?
Special interests are _____ on political issues where they may receive concentrated benefits
a. stable b. cyclical c. rationally ignorant d. not rationally ignorant
The firm can calculate all points on its total cost curve if it knows
a. its production function. b. the prices of inputs and of output. c. its average cost at its optimal output level. d. the prices of inputs and its production function.
Shifts in the short-run aggregate supply curve lead to shifts in the short-run Phillips curve
a. True b. False Indicate whether the statement is true or false