Which of the following was the most important factor determining the volume of land sales in the Midwest and South during the antebellum period?
a. Immigration
b. Indian resistance to settlement
c. Agricultural prices
d. Governmental road building
c. Agricultural prices
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Suppose Campus Books, a profit-maximizing firm, is the only supplier of the textbook for a given class. The marginal cost of supplying each book is constant and equal to $10, and Campus Books has no fixed costs. The table below shows the reservation prices of the eight students enrolled in the class.StudentReservation Price($/Book)Q60R54S48T42U36V30W30X30 If Campus Books is permitted to charge 2 prices, and the bookstore knows customers with a reservation price above $30 never bother with coupons, whereas those with a reservation price of $30 or less always use them, then how many in total books will the bookstore sell?
A. 8 B. 6 C. 7 D. 5
Which of following was a period of below-average economic growth in the United States?
A) the 1920s B) the 1960s C) the 1930s D) all of the above
The nation listed below whose economy currently comes closest to a free market is
A. North Korea. B. Germany. C. People’s Republic of China. D. Cuba.
Since 1975, the United States' balance of trade has been characterized as
a. favorable b. unfavorable c. highly volatile, that is, dramatic ups and downs (positives and negatives) d. mostly favorable, but sometimes unfavorable e. mostly unfavorable, but sometimes favorable