Points to the right of the IS schedule indicate that
a. investment plus government spending will exceed saving plus taxes.
b. the amount of money supplied exceeds the amount of money demanded.
c. saving plus taxes will exceed investment plus government spending.
d. the amount of money demanded exceeds the amount of money supplied.
C
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Under the Bretton Woods system, the United States was designated as the
A) reserve-currency country. B) fixed-rate country. C) par-standard country. D) dollar-standard country.
By the 1840s,
(a) labor had achieved political power in the franchise, i.e., the right to vote. (b) unions per se were not considered by law to be conspiracies and therefore illegal. (c) peaceful picketing of businesses during strikes was considered to be legal. (d) all of the above were true.
Which of the following would tend to lessen the wage gap between a country's skilled and unskilled workers?
a. technology increases the productivity of unskilled workers more than that of skilled workers b. the country increases trade with countries that have a higher proportion of skilled workers c. both A and B d. neither A nor B
Which of the following statements is FALSE?
A) An unregulated, profit-maximizing monopolist will not operate in the inelastic portion of the demand curve. B) The marginal revenue earned by a monopolist will always be less than the product's price. C) Typically there are numerous very close substitutes for the product of a monopolist. D) For a profit-maximizing monopolist, marginal revenue equals marginal cost.