The United States truly became a mass consumption society in
A. the early 1900s.
B. the 1920s.
C. the 1940s.
D. the 1960s.
B. the 1920s.
You might also like to view...
Which of the following statements about the Social Security, Medicare, and Medicaid programs is true?
A) Some economists have argued for decreasing taxes to help with these programs' funding problems. B) Spending on these three programs will rise from 9.7% of GDP currently to 10.2% of GDP by 2050. C) Costs are being driven up by the fact that Americans are living longer and medical costs are rising substantially. D) Some economists have argued for increasing benefits to help with these programs' funding problems.
When the government borrows in the market, it
A. does not have to pay interest. B. is not required to pay back the entire principle. C. can get indefinite extensions on the loan. D. all of these answer options are correct. E. none of these answer options are correct.
The __________ is a regulator of intermediated markets?
A) SEC B) Commodities Futures Trading Commission C) NYSE D) FDIC
According to the law of supply, when the price of a good increases we would predict that: a. less will be produced
b. less will be consumed. c. more will be produced. d. more will be consumed.