Although the McNary-Haugen bill never became law, it was widely discussed during the 1920s. Which of the following was NOT a provision of the bill?
a. government purchase of crops in order to raise agricultural prices
b. government sale of excess crops on the world market
c. payment for the program through capital gains taxes on business
d. high tariffs on agricultural imports
e. All of the above were provisions of the McNary-Haugen Bill.
c. payment for the program through capital gains taxes on business
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During the Great Depression, the unemployment rate rose to a maximum of about
A) 10 percent. B) 25 percent. C) 50 percent. D) 13 percent. E) 67 percent.
Honda will sell its vehicles to anyone who wants to and can buy one. Honda is using a ________ allocation method
A) first-come, first-served B) market price C) contest D) majority rule E) command
Refer to Scenario 12.3. What price would this new drink sell for if it sold in a competitive market?
A) 0 B) $3 C) $13.50 D) $16.50 E) $27
If government adhered strictly to the idea of an annually balanced budget, then during a recession,
A. both expenditures and tax rates would have to be decreased. B. both expenditures and tax rates would have to be increased. C. expenditures would have to be increased and/or tax rates decreased. D. expenditures would have to be reduced and/or tax rates increased.