Clipper ships
a. allowed for profitable shipping on both short and long journeys.
b. dominated Atlantic trade by 1850.
c. were among the first ships to have iron hulls.
d. earned huge profits transporting passengers and cargo during the gold rushes to California and Australia.
e. All of the above.
d. earned huge profits transporting passengers and cargo during the gold rushes to California and Australia.
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Without any restrictions in a perfectly competitive market, if there is a sudden rightward shift in the demand for a good:
A) sellers of the good will increase the supply of the good at the same price. B) sellers of the good will increase the quantity of the good supplied in the market. C) sellers of the good will decrease the supply of the good at the same price. D) sellers of the good will decrease the quantity supplied.
The market for medical care relies primarily on:
a. For profit providers. b. Not for profit providers. c. Co-ops. d. Hospitals. e. The substitution effect.
As welfare rolls declined during the late 1990s and early 2000s,
a. states with aggressive work requirements found that their federal grants also declined b. states with aggressive work requirements were rewarded with larger federal grants c. few welfare recipients were able to find jobs d. there was a significant increase in welfare spending per recipient e. states cut back on their provision of services such as job placement and child care
Discouraged workers are included in the
a. labor force category. b. unemployed category. c. not in the labor force category. d. employed category.