According to Hughes and Cain (2011), after the Civil War (1861–1865) the freed slaves were
(a) left to fend for themselves without property, money or skills.
(b) provided with 40 acres and a mule to get a start in life as free people.
(c) provided with some monetary compensation for the centuries-long oppression
and exploitation they and their ancestors had faced.
(d) able to quickly become successful farmers and craftsmen.
(a)
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The closer we are to the production possibilities frontier and the farther away we are from the origin,
A. the more unemployment there is. B. the less unemployment there is. C. the only way to produce more guns will be to give up some butter production. D. the only way to produce more butter will be to give up some gun production.
An increase in aggregate demand caused by any other factor than the price level in an economy will cause _____
a. the aggregate demand curve to shift rightward b. the aggregate demand curve to shift leftward c. an upward movement along the aggregate demand curve d. a downward movement along the aggregate demand curve
Table 1.1 shows the hypothetical trade-off between different combinations of Stealth bombers and B-1 bombers that might be produced in a year with the limited U.S. capacity, ceteris paribus.Table 1.1Production Possibilities for BombersCombinationNumber of B-1 BombersOpportunity cost(Foregone Stealth)Number of Stealth BombersOpportunity cost (Foregone B-1)S0NA10 T1 9 U2 7 V3 4NAThe lowest opportunity cost e in Table 1.1 for B-1 bombers in terms of Stealth bombers is
A. 0.5 Stealth bomber per B-1 bomber. B. 0 Stealth bombers per B-1 bomber. C. 2 Stealth bombers per B-1 bomber. D. 1 Stealth bomber per B-1 bomber.
The Federal Open Market Committee is made up of all of the following, except
A. the board of governors. B. the chairman of the board of governors. C. the president of the United States. D. the president of the Federal Reserve Bank of New York.