After the depression of the 1930s and the interruption of World War II, in the post-war period (1945–50) private investment
(a) fell back to the 1920s level.
(b) rose to unprecedented levels.
(c) collapsed in the 1948 downturn and then returned to the stagnation levels of the 1930s.
(d) did none of the above.
(b)
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In the above figure, the efficient level of chemicals produced per week is
A) 0 tons. B) 4 tons. C) between 5 and 7 tons. D) 8 tons.
Suppose the price of crude oil is $95 per barrel in New York and $85 per barrel in Texas, and the transaction costs for trading between the two markets are $15 per barrel. What actions should you take to arbitrage this price difference?
A) Buy oil in Texas and sell oil in NY B) Sell oil in Texas and buy oil in NY C) Buy oil in both markets and wait for higher prices D) Do not buy or sell oil in either market
Although all points on the PPF are efficient, that alone does not tell us which point is "best" for the society
a. True b. False Indicate whether the statement is true or false
In recent years less than _____ in 10 unemployed workers qualified for unemployed insurance benefits.
A. 1 B. 3 C. 5 D. 7