The Great Depression began in
A. the second half of 1929.
B. the middle of 1930.
C. early 1932.
D. March 1933.
A. the second half of 1929.
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It is argued that the market will
A. not produce a nonexcludable public good. B. produce the socially optimal output of a nonexcludable public good. C. produce too much of a nonexcludable public good. D. produce a nonexcludable public good if marginal social benefits are equal to marginal private benefits. E. b and d
How is the dominant firm's residual demand curve derived in an oligopoly market?
Which of the following makes up the balance on current account?
a. The capital account, the merchandise trade balance, and net investment income from abroad. b. The balance on goods and services, net investment income from abroad, and net unilateral transfers abroad. c. The merchandise trade balance, net unilateral transfers abroad, and capital inflows. d. The balance on goods and services plus capital outflows minus net unilateral transfers abroad.
Which of the following is not a flow in the circular flow model?
A) the flow of goods and services and the flow of resources to produce goods and services B) the flow of profit and the flow of revenue C) the flow of income earned by households and the flow of expenditures incurred by households D) the flow of revenue received by producers and the flow of payments to resource owners