The Interstate Commerce Commission was created to check the monopoly power of ________ and ended up protecting them from the competitive forces of _________
a. passenger rail service; interstate bus companies
b. the Civil Aeronautics Board; the Federal Communications Commission
c. airlines; automobiles
d. railroads; truck transportation
e. railroads; inland barge service
D
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The higher the real wage rate, the higher the labor force participation rate
Indicate whether the statement is true or false
A price floor set above a market equilibrium price causes
A) a surplus. B) a shortage. C) producers to receive lower prices. D) consumers to pay lower prices.
In the above figure, the total cost of producing the profit maximizing level of output is shown by rectangle
A) 0P1AQ1. B) 0P5EQ5. C) 0P4HQ4. D) 0P2BQ1.
What best describes westward movement of population between 1800-1860?
a. The 1850s was the decade when the largest number of people moved to the west. b. The large increase in and sales in this period was based on speculation. c. Migrants moved to the west because they were "pushed" out of the east, where conditions were getting worse. d. Corn prices were relatively low in the decades when migration to the west was largest.