The economic expansion which began in 1933 was due to
A. the fact that business had hit bottom and was ready to rebound.
B. The efforts of the Roosevelt Administration to stimulate the economy.
C. Both the efforts of the Roosevelt Administration and the readiness of business to rebound.
D. Neither the efforts of the Roosevelt Administration nor the readiness of business to rebound.
C. Both the efforts of the Roosevelt Administration and the readiness of business to rebound.
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In 1820, when the nation began its westward movement in earnest, the median American was
(a) less than 17 years old. (b) about 20 years old. (c) about the same age as the median American today. (d) older than the median American today.
A shift from S1 to S2 reflects the change that happens when a negative externality is taken into account. A shift from D1 to D2 reflects the change that happens when a positive externality is taken into account. Refer to the above figures. An external cost exists. This will lead to a(n)
The two primary reasons to adopt measures to restrict trade are that
A. they help keep real wages high in the importing country, and they also permit small businesses to compete in international markets. B. they may help the importing country improve its educational system, and they keep high-technology products from being stolen by foreign competitors. C. they may help the importing country get better prices for its goods, and they protect certain industries from foreign competition. D. they may help advance the political goals of the nation, and they encourage productivity in domestic industries.
Recall the Application about the lack of property rights in Peru, and why clear property rights are important for economic growth in developing countries, to answer the following question(s). According to this Application, clear property rights:
A. are important for economic growth in developed nations, but not in developing nations. B. hinder economic growth in developing nations. C. have no impact on the economic growth of developed nations. D. are important for economic growth in developing and developed nations.