The decline in wholesale and consumer prices in 1929–30 was not as large as had been the decline in 1920–21
Indicate whether the statement is true or false
True
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Which of the following is the most accurate statement?
a. Protection is necessary in order for young industries to grow up and be successful. b. Protection is not necessary for an industry to grow. c. Protection is necessary because if young industries are not protected, they may suffer losses. d. Protection may not always be necessary for infant industries, but it has proven to be useful in most cases.
While on a study abroad program you see a McDonald's in Paris. A combo meal costs 8 euros. The same meal costs $6 in the U.S. and the exchange rate is .75 euros per dollar. A. Find the real exchange rate. Show your work. B. In terms of dollars where is the combo meal cheaper?
The accompanying table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities.Number of EmployeesTotal DonationsAverage DonationsTotal Labor CostsAverage Labor Costs1$30,000 $8,0002$42,426 $17,000 3 $17,321$27,000 4$60,000 $9,5005 $13,416$50,000 The net benefit of hiring fundraisers is largest when ________ employees are hired.
A. 3 B. 4 C. 2 D. 1
A vertical aggregate supply curve was postulated by the classical economists because they believed that
A. the economy almost always had a large quantity of unemployed resources. B. the economy could come to equilibrium at any level of output, not necessarily that level required to fully employ society's resources. C. the economy naturally tended toward that level of output which would fully employ all resources. D. it would be possible to increase output without driving up prices by putting unemployed resources to work.