Monetarists such as Milton Friedman blame the Great Depression primarily (although not completely) on ___
a. the stock market crash.
b. the Bank Holiday.
c. the decline in investment spending.
d. the waves of bank failures.
d. the waves of bank failures.
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Country A limits other nations' exports of coal to Country A to 1,000 tons of coal annually. This is an example of a(n)
A. export subsidy. B. voluntary export restriction. C. protective tariff. D. import quota.
Use the above table. Assuming constant opportunity costs, the opportunity cost of producing knives in country Alpha is ________, and the opportunity cost of producing knives in country Beta is ________
A) 2 forks; 0.33 knife B) 0.5 knife; 3 forks C) 1.5 forks; 0.25 fork D) 0.67 fork; 4 forks
What is the relationship between marginal utility and total utility? What happens to total utility as marginal utility declines?
What will be an ideal response?
The Board of Governors of the Federal Reserve System has
A) 12 members appointed by the president of the United States. B) seven members appointed by the president of the United States. C) seven members appointed to life terms. D) seven members elected by the public. E) 12 members elected by the public.