Under the bimetallic standard of the 19th century:
a. the amount of money in circulation increased.
b. the American dollar served poorly as a unit of account.
c. only one metal tended to circulate as money at any given time.
d. the government earned profits by selling gold.
c. only one metal tended to circulate as money at any given time.
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During the stock market boom of the late 1920s stock prices ______
a. rose at about the same rate as dividends b. rose faster than dividends c. rose more slowly than dividends d. there is, surprisingly, not enough information to know what happened to pricesrelative to dividends
In the Keynesian model, if aggregate expenditures exceed aggregate output and inventories of firms fall, then the aggregate output and the business sector could be expected to:
a. increase output. b. decrease output. c. decrease investment. d. hire fewer workers.
An ideal voting system must not have:
A. a one-dimensional issue being voted on. B. a person who has the power to single-handedly enact his or her own preferences. C. a person who can convince everyone to vote for his or her preferences, and not their own. D. transitivity of preferences
States receive most of their tax revenues from
A. User charges. B. Property taxes. C. State income taxes. D. Sales taxes.