The worst financial crisis in history was the:
A. Great Crash of 1929.
B. South Seas bubble.
C. Great Recession.
D. housing bubble of 2007.
A. Great Crash of 1929.
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An isoquant indicates different combinations of
A) two inputs that can be purchased for the same amount of money. B) two inputs that can produce the same amount of output. C) output that can be produced with the same amount of input. D) output that cost the same amount to produce.
The problem of inconsistent standards across nations can be managed by:
A. policymakers making explicit laws about imports for specific countries. B. consumers making voluntary purchasing decisions. C. policymakers making blanket standards imposed on all imports. D. All of these are true.
Goods that are income elastic are often referred to as luxury goods
Indicate whether the statement is true or false
Which of the following would be but best item for the local government to tax if its goal was to raise revenue?
A. Water supply B. Weather reports on your phone C. Outdoor concert provided by the city D. Leaf collection