Nondefense government spending has been more or less flat going as far back as the
A. 1980s.
B. 1940s.
C. 1950s.
D. 1970s.
Answer: D
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The formula for the price elasticity of demand
A. relies on statistical data. B. is based fully on knowledge of the slope of the demand curve. C. in practice drops the sign and focuses on the magnitude. D. is valid only when the price of product increases.
Which of the following is not accurate about the role of women in the 1920s?
a. There was a large increase in the number of two earner families. b. Women gained the right to vote. c. There was an increase in educational opportunities for women. d. Women gained a significant amount of cultural and social freedom.
In the 1945 Alcoa antitrust case, the Court found ALCOA:
a. not guilty of violating the Sherman Antitrust Act because it was a good monopoly. b. did not have a good reason for having a large market share, so found it guilty. c. guilty because its firm size was a per se violation of antitrust laws. d. not guilty because it did not engage in any illegal or unfair acts. e. was no threat to industrial democracy.
Through the 1970s, 1980s and 1990s, the states ran substantial budget ____________.
Fill in the blank(s) with the appropriate word(s).