Between Independence and the Civil War, American population growth was

(a) steady and constant.
(b) rapid but wildly unstable.
(c) positive and rapid.
(d) heavily concentrated in the settlement in Western lands.


(c)

Economics

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Suppose the marginal value of bread in terms of wine is 1/2 bottle of wine per loaf of bread, while the relative price of bread in terms of wine is 1/4 bottle of wine per loaf of bread. Explain how the consumer can adjust his purchases to raise his level of satisfaction.

What will be an ideal response?

Economics

If automobile commuters are asked in a survey whether their city needs additional freeways, the answers will reveal

A) almost nothing about the demand for freeways. B) only one portion of the demand for freeways. C) the demand for freeways but from a biased grou

Economics

Modern U.S. commercial banks perform all of the following functions EXCEPT

A) accept checking deposits. B) issue paper currency. C) make loans to households and business firms. D) accept savings deposits.

Economics

The North American Free Trade Agreement is an example of

A) a beggar-thy-neighbor trade policy. B) a preferential trade arrangement. C) a multinational quota system. D) a general agreement on tariffs and trade.

Economics