The Great Depression occurred in the early:
A. 1950s.
B. 1960s.
C. 1930s.
D. 1900s.
Answer: C
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Which of the following examples best describes the Law of Supply?
A) When the cost of production of cotton increased, all suppliers' willingness to accept decreased. B) When the market price of pens increased, sellers started supplying more pens. C) When the cost of production of cotton fell, the market price of cotton also fell. D) When the market price of pens increased, sellers started supplying fewer pens.
If you were to ask your employer for a raise, which of the following would be your most effective argument?
A) "My marginal product is greater than my current wage." B) "I am willing to work more hours each week." C) "Increases in my productivity have resulted in greater revenue and profits for your business." D) "I have a job offer at another firm that will pay me more than my current wage."
Explain some of the reasons why developing countries have not realized a greater positive development impact from their higher education programs
What will be an ideal response?
The principle of comparative advantage explains how
A. one nation can take advantage of another one through international trade. B. two nations may engage in mutually beneficial trade, even though one of them is more productive than the other. C. one individual can take advantage of another through international trade. D. some people are good at producing everything, while others have no comparative advantages. E. some nations end up with large trade surpluses.