In which decade did the U.S. federal government first establish a system of agricultural price supports?
A) 1990s
B) 1970s
C) 1950s
D) 1930s
D
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Along a linear (straight-line) downward-sloping demand curve, demand is unit elastic at
A) the highest price. B) the lowest price. C) the midpoint. D) all points on the linear demand curve. E) None of the above because linear demand curves are never unit elastic.
Swiss attempts to target monetary aggregates ended in the 1990s because ________
A) the expectations of Swiss households had evolved from being adaptive to rational B) structural changes in the economy had rendered existing practices inflationary C) of the resulting increase in interest rates D) the ensuing deflation increased the real value of debt held by Swiss manufacturing firms
If there is an increase in the demand for U.S. automobiles, the
A) demand for dollars will fall. B) demand for dollars will rise. C) supply of dollars will fall. D) supply of dollars will rise.
The social and economic environment plays a secondary role when compared to the importance of land, labor, capital, and entrepreneurship
Indicate whether the statement is true or false