All of the following groups benefited from immigration to the U.S. in the late 19th and early 20th century except
a. steamship companies
b. mining companies
c. manufacturing companies
d. railroads
e. All of the above benefited from immigration.
e. All of the above benefited from immigration.
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If the economy is falling below potential real GDP, which of the following would be an appropriate fiscal policy to bring the economy back to long-run aggregate supply? An increase in
A) the money supply and a decrease in interest rates. B) government purchases. C) oil prices. D) taxes.
The Harvard experiment found the answer to "Why is private health insurance so expensive?" is:
A) adverse selection - healthier patients don't want expensive coverage. B) adverse selection - poorer patients want more free health care. C) adverse selection - Harvard employees wanted more extensive coverage. D) adverse selection - health care subsidies resulted in unhealthy patients wanting more coverage.
Last year a firm made 1,000 units of its product available at a price of $5 per unit. This year the firm will still make 1,000 units available, but only if the price is $7 per unit. What is most likely to have happened?
a. Supply has increased b. Supply has decreased c. Demand has decreased d. Quantity demanded has increased e. Quantity supplied has increased
What is true of stock exchanges in the United States?
a. There are two major stock exchanges in New York, several smaller regional exchanges across the nation, and over-the-counter trading via NASDAQ. b. The New York Stock Exchange is the only stock exchange in the United States. c. There are only two stock exchanges, NYSE and AMEX. d. There are only three stock exchanges, NYSE, AMEX, and NASDAQ.