The New Deal legislation passed by President Roosevelt was inspired by
A. economic problems caused by World War I.
B. normal business cycles.
C. the Irish potato famine of 1927.
D. the Great Depression
Answer: D
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The process of research and development
A. always leads to useful products. B. almost never leads to useful products. C. often involves a waste of resources. D. is usually conducted in governmental laboratories.
For most firms, any of the following could be considered an accident except which one?
A) failing to earn an economic profit B) audit failure C) product failing safety standards D) patent infringement
Possibly, the most serious flaw in the Medicare system is the fact that
a. the deductible is too high for most elders to afford. b. it provides no real protection against catastrophic losses resulting from unusually long hospital stays. c. the definition of an episode of illness can lead to patients paying the deductible more than once during the calendar year. d. coverage for outpatient drugs is poor. e. elders are required to pay monthly premiums to participate in Part B.
In the terminology of macroeconomics, what's the difference between a saver and an investor?