From 1860 to 1910, U.S. statistical and qualitative evidence suggests that
(a) many migrants came during the upswings in the U.S. business cycle.
(b) the employment experiences and economic conditions of family and friends in the U.S. influenced the decisions of prospective immigrants.
(c) economic desperation, social immobility and restricted labor opportunities "pushed"
immigrants out of their homelands and into the U.S.
(d) all of the above are true.
(c)
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All of the following are problems associated with commodity money EXCEPT
A) it is a cumbersome form of payments system. B) commodities tend to have little value in and of themselves. C) its value is dependent on its purity. D) costs are incurred in certifying the purity and weight of commodity money.
Which of the following should be subtracted while calculating aggregate demand of the U.S.?
a. Pakistan's purchase of F-16s from the U.S. b. Computers imported by China from the U.S. c. Memorabilia purchases in the U.S. by a foreign tourist. d. A U.S. firm's purchase of German machinery.
If you were a debtor you would prefer
A. Deflation B. Disinflation C. Unanticipated inflation D. Anticipated inflation
Refer to the information provided in Figure 4.3 below to answer the question(s) that follow.
Figure 4.3Refer to Figure 4.3. The government setting the price of pencils at $0.40 would be an example of an effective
A. price ceiling. B. price floor. C. market equilibrium. D. price surplus.