The years from ______ to ________ marked our economy's longest decline in real wages.
Fill in the blank(s) with the appropriate word(s).
1973; 1993 (1996 would be OK)
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Suppose demand decreases, but there is no change in supply. As the market reaches its new equilibrium:
A. excess supply will lead the price to fall. B. excess demand will lead the price to fall. C. excess supply will lead the price to rise. D. excess demand will lead the price to rise.
Land "conservatives" in the 19th century
a. believed that the sale of the public domain should provide substantial government revenue. b. believed that the U.S. should subsidize the production of certain agricultural products, including corn and wheat. c. supported the sale of the public domain in small plots. d. supported the rights of "squatters.". e. All of the above.
Scarcity: a. occurs only in centrally planned economies
b. will likely be eliminated by technological progress. c. exists only in poor nations. d. occurs if there are insufficient resources to provide for human wants.
Consider the following three bonds, Bond F, Bond J and Bond P. Bonds F and P mature in 1 year while Bond J matures in 2 years. Bond F and J have a face value of $10,000 while Bond P has a face value of $12,000 . If the interest rate is 15%, rank the three bonds from highest present value to lowest present value
a. Bond F, Bond P, Bond J b. Bond P, Bond F, Bond J c. Bond J, Bond F, Bond P d. Bond P, Bond J, Bond F e. Bond F, Bond J, Bond P