John D. Rockefeller is most recognized for:
a. developing the oil industry.
b. being an early promoter of the computer industry.
c. lobbying the government for the abolition of slavery.
d. inventing new technology to further the steel production process.
e. being an initial supporter of minimum wage laws.
a. developing the oil industry.
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Which of the following was not a factor contributing to the debt crisis in Latin America?
(a) The oil shocks. (b) Trade liberalization in many developing countries. (c) An increase in global interest rates. (d) A lack of investment opportunities in the developed countries. (e) All of the above.
If, in the coordination failure model, the nominal money supply acts as a sunspot variable, then it is likely that the nominal money supply would
A) be procyclical. B) be acyclical. C) be countercyclical. D) alternatively appear to be procyclical and countercyclical.
A money market deposit would be considered
a. M1 money b. M1 and M2 money c. M2 money d. M2 and M3 money e. a near money
Which of the following provides the strongest evidence that a firm operating in the highly competitive retail sector is supplying goods and services that consumers value highly relative to their cost?
a. The top-level managers of the firm are paid high salaries. b. The firm is on the verge of bankruptcy. c. The firm is a large corporation. d. The firm is highly profitable, and its sales have grown rapidly.