Because of the book, The Other America, Michael Harrington was important in beginning the
a. Peace Corps.
b. "War on Poverty."
c. regulation of industry.
d. Environmental Protection Agency.
b
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What are some of the long-run costs of tariffs?
What will be an ideal response?
Here's a taste of history: from 1775 to the present, U.S. agricultural productivity has grown because of all of the following except
a. new fertilizers and pesticides b. the development of the tractor c. the use of horses and mules d. price ceilings on food goods e. rural electrification
Explain whether each of the following is a fixed cost or a variable cost for Damian Dandridge's tattoo parlor
a. The payment he makes to buy tattoo ink. b. The wages he pays his employees. c. The $500-per-month payment he makes to advertise his shop on highway billboards. d. The lease payment he makes to the landlord who owns the building where his shop is located. e. The payment he makes on his liability insurance policy.
Which of the following is not a basic question that each economy must answer?
a. Which resources are scarce? b. For whom shall the goods be produced? c. How shall goods be produced? d. What goods shall be produced?