During what period of time did the United States most consistently adhere to the gold standard?
A) from 1914 until 1929
B) from the eighteenth century until the nineteenth century
C) from 1944 until 1980
D) from the nineteenth century until the 1930s
D
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Pollution is an example of a
A) negative externality B) positive externality. C) private cost. D) public good.
Refer to the above figure. At a price of four cents, a(n) ________ of bubble gum will exist in the market
A) surplus B) shortage C) excess quantity demanded D) equilibrium quantity
In the electric power industry, residential customers have relatively ____ demand for electricity compared with large industrial users. But contrary to price discrimination, large industrial users generally are charged ____ rates
a. similar, similar b. elastic, lower c. elastic, higher d. inelastic, lower e. inelastic, higher
"Rational, self-interested people would never end up worse off by any decision they make. Obviously, people often make mistakes or have regrets. Therefore, people do not act rationally or out of self-interest." Do you agree with these statements? Why or
why not? What will be an ideal response?