In the early 1800s, ______________ developed a plan for the federal government's involvement in building transportation infrastructure such as canals and roads
a. Albert Gallatin
b. Robert Fulton
c. Thomas Jefferson
d. Alexander Hamilton
a. Albert Gallatin
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Monetary policy has the power to make recessions more severe and long-lasting if it is not timed well
Indicate whether the statement is true or false
Which of the following is not an effective technique for alleviating scarcity?
A) Developing additional resources B) Reducing prices C) Reducing wants D) Substituting intelligently among available goods
Taiwan and Jamaica are both islands that have pursued export-oriented development strategies, but Jamaica has experienced increases in unemployment and poverty, while Taiwan has experienced decreases. How might you explain this?
What will be an ideal response?
The principal-agent problem occurs:
A. when the principal has less information than the agent. B. when the principal has more information than the agent. C. when the agent has less information than the principal. D. not observed in reality.