Which of the following markets is more likely to be local in nature?
a. automobiles
b. television sets
c. jewelry
d. clothing
e. potato chips
E
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Which of the following antebellum transportation innovations earned the greatest rate of return?
a. corporate-owned turnpikes b. the National Road c. the Erie Canal d. the Mainline Canal
Why should the United States be concerned over a sharp depreciation of the U.S. dollar in the world marketplace?
What will be an ideal response?
Arranging matching charitable contributions will ________ the free-rider problem and lead to a ________ level of contribution to the public good.
A. increase; smaller B. increase; larger C. reduce; smaller D. reduce; larger
In the immediate market period for a highly-perishable crop like tomatoes, the individual farmer's supply curve tends to be:
A. Perfectly inelastic B. Perfectly elastic C. Quite flat D. Downward-sloping