Prior to 1877 business could not be regulated by the states because of:
a. lack of public support
b. the fifth amendment
c. the 10th amendment
d. the due process clause
e. all of the above
D
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One explanation for the sharp decline in inventory investment during the 2007-2009 financial crisis was ________
A) financing constraints B) the rise in the level of income C) the volatility of interest rates D) the increase in total spending and therefore costs
If at the current level of product-specific service, consumers' value at $15 and the cost of retailers to provide the services is $10, which of the following is true?
A) the profit-maximizing level of profit-maximizing services is less than the current level B) the profit-maximizing amount of product-specific services is being offered. C) the profit-maximizing level of profit-maximizing services is greater than the current level D) the profit-maximizing level of profit-maximizing services is exactly one -half of the current level
When government spending exceeds tax revenues during a specific time period, this is known as a
A) government budget deficit. B) government budget surplus. C) balanced budget. D) public debt.
A contract between a bee keeper and an orchard farmer usually break because of the high cost of writing the contract
Indicate whether the statement is true or false