The period from 2000 to 2010
A) was a period of high productivity growth.
B) was a period with negative productivity growth, because of the Great Recession.
C) was a period of zero productivity growth.
D) was a period of low productivity growth, almost as bad as the period 1970-1980.
D
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If the real exchange rate between the United States and Japan is ________, then it is cheaper to buy goods in Japan than in the United States
A) greater than 1.0 B) greater than 0.5 C) less than 0.5 D) less than 1.0
Which groups were opposed to the Bank of the United States?
A) northeastern industrial interests B) northeastern financial interests C) southern and western agrarian and small-business interests D) exporters
The Navigation Acts (1651 and later amendments) were part of the contemporary European commercial policy theory called
(a) laissez-faire. (b) mercantilism. (c) commercialism. (d) classical liberalism.
The statement "other things being equal" in the law of demand means all of the following remain constant EXCEPT
A) consumer income. B) the price of the good concerned in the law of demand. C) the prices of substitutes. D) tastes and preferences.