The depression of the 1930s was
(a) the first depression in the nation's history.
(b) not the first but the most serious depression in the nation's history.
(c) not the first depression in the nation's history and no more serious than some of the others.
(d) not as serious as the depressions of the 1840s and 1870s.
(b)
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The president of Suldinia, a developing country, proposes that his country needs to help domestic firms by reducing trade restrictions
a. These are outward-oriented policies and most economists believe they would have beneficial effects on growth in Suldinia. b. These are outward-oriented policies and most economists believe they would have adverse effects on growth in Suldinia. c. These are inward-oriented policies and most economists believe they would have beneficial effects on growth in Suldinia. d. These are inward-oriented policies and most economists believe they would have adverse effects on growth in Suldinia.
Normally, whenever the central bank lowers the rate it charges banks for overnight loans market rates of interest:
a. are not affected. b. fall at the same rate. c. increase. d. are unstable.
Economic activities primarily directed toward creating or developing new ideas and new technology are called
A. technological diffusion. B. the information revolution. C. innovative activities. D. technological competition.
The marginal productivity theory is irrelevant to organizing production in a socialist society.
Answer the following statement true (T) or false (F)