The National Industrial Recovery Act (1933)
(a) did not permit businesses to set prices and production quotas.
(b) established three advisory boards composed of government, Webb-Pomerene firms
and members of the Federal Reserve System.
(c) was thrown out by the Supreme Court in May 1935.
(d) prohibited collective bargaining.
(c)
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If the marginal benefit of reducing emissions of some air pollutant is greater than the marginal cost
A) the marginal benefit will rise and the marginal cost will fall as further reductions are made. B) private businesses, rather the consumers, should be made to pay for the cost of further reductions. C) further reductions will make society better off. D) economic efficiency will be achieved when emissions are reduced to zero.
If real incomes in foreign nations were growing less rapidly than U.S. real incomes, one would expect that as a result, a. the exchange value of the dollar would decline relative to other currencies
b. the exchange value of the dollar would increase relative to other currencies. c. there would likely be no effect on the exchange value of the dollar relative to other currencies. d. there would be an indeterminate effect on the exchange value of the dollar relative to other currencies.
Prior to 2008, a bank might have borrowed reserves from another bank because:
A. banks never borrowed from the Fed. B. it kept its reserves too low and could not meet Fed requirements. C. borrowing reserves from other banks is the only way to gain access to reserves. D. it was in danger of becoming insolvent and collapsing.
Comparable worth laws are laws that mandate comparable pay for:
A. comparable work. B. people with comparable abilities. C. everyone. D. people with comparable levels of seniority.