Low-cost flyboats offered an attractive alternative to heavier, more costly ships; however, their use was limited in many areas due to:
a. privateering and piracy.
b. colonial laws that specified minimum crew sizes for many voyages.
c. the Navigation Acts.
d. the inability of New England shipbuilders to manufacture flyboats.
a. privateering and piracy.
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Which of the following have contributed to health insurance becoming commonplace during the latter half of the twentieth century?
a. The tremendous rise in medical costs. b. The increase in fraternal order societies which provided health insurance. c. The growth of employer-provided health care. d. all of the above e. a and c
One of the main conclusions of Keynes in The General Theory of Employment, Interest, and Money is that the economy
a. will usually be at full employment. b. will not automatically gravitate to full employment. c. will automatically move quickly toward full employment without inflation. d. is usually on the verge of a major depression or hyperinflation.
Suppose the Federal Reserve System has a required reserve ratio of 0.10 and there are no excess reserves in the system. If the Open Market Committee buys $50 million of securities from the commercial banking system, the total lending capacity for the system
A. Increases by $500 million. B. Decreases by $500 million. C. Decreases by $50 million. D. Increases by $50 million.
Economists have determined that there are four factors that seem to strongly affect a nation's rate of economic development. Which is NOT one of these four factors?
A) supporting current industries and the jobs they provide instead of adopting new technology that brings disruptive social changes B) developing an educated population C) establishing a system of property rights D) limiting the extent to which the government imposes trade barriers