In which case did the U.S. Supreme Court's review powers extend to actions by the other two branches of the federal government and not merely to the laws of the states?
(a) Marbury v. Madison (1803)
(b) McCulloch v. Maryland (1819)
(c) Gibbons v. Ogden (1824)
(d) Dartmouth College v. Woodward (1819)
(a)
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Last year, on advice from your sister, you bought stock in Burpsy Soda at $100/share. During the year, you collected a $2 dividend and then sold the stock for $120/share. You experienced a
A) dividend yield of 9%. B) dividend yield of 20%. C) dividend yield of 11%. D) total return of 20%. E) total return of 22%.
If Switzerland chooses to engage in trade, it
a. will only benefit if it trades with countries that produce goods Switzerland cannot produce. b. cannot benefit if it trades with less developed countries. c. should first attempt to produce the good itself. d. can benefit by trading with any other country.
Suppose that the real exchange rate between the United States and Brazil is defined in terms of baskets of goods. Other things the same, which of the following will increase the real exchange rate (that is increase the number of baskets of Brazilian goods a basket of U.S. goods buys)?
a. an increase in the quantity of Brazilian currency that can be purchased with a dollar b. a decrease in the price of U.S. goods c. an increase in the price in Brazilian currency of Brazilian goods d. All of the above are correct.
Refer to the above diagram. A binding government-set price floor is best illustrated by:
A. price C. B. price A. C. quantity E. D. price B.