The economic boom of the early 1940s resulted mostly from
a. increased government expenditures.
b. falling prices of oil and other natural resources.
c. an increase in the growth rate of the money supply.
d. rapid developments in transportation, electronics, and communication.
a
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Madison, a U.S. citizen, works only in Germany. The value she adds to production in Germany is included
a. in U.S. GDP, but it is not included in German GDP. b. in German GDP, but it is not included in U.S. GDP. c. in both German GDP and U.S. GDP. d. in neither German GDP nor U.S. GDP.
If the firms in an oligopolistic industry can collude effectively (from the firms' viewpoints), the resulting price and output in the market will be most similar to that of
a. a competitive price-searcher market. b. pure monopoly. c. bilateral monopoly. d. a competitive price-taker market.
If you can consume a good without having to pay for it, the good must be a public good.
Answer the following statement true (T) or false (F)
Commodities covered by federal government programs include
A) Rice. B) Hay. C) Pork. D) None of the above