The Safety Fund System
a. operated similarly to the modern Federal Deposit Insurance Corporation.
b. was a clearinghouse for banks.
c. was established by Nicholas Biddle.
d. was used primarily prior to 1863 in Louisiana.
e. All of the above.
a. operated similarly to the modern Federal Deposit Insurance Corporation.
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U.S. government policy to stimulate research and development activities would be most likely to succeed if it involved
A. interest rate policy. B. corporate tax policy. C. personal income tax policy. D. payroll tax policy.
Which of the following is the best example of an oligopoly?
a. Area restaurants. b. The automobile industry. c. Agricultural markets free of government support. d. Local utilities.
Since 1996, _____
a. U.S. productivity growth has skyrocketed, at least initially, as more computers were installed b. the computer sector has grown faster than the U.S. economy as a whole c. spending on computers has been approximately constant as a fraction of total U.S. investment spending d. the contribution of computers to U.S. productivity growth has been negative e. computing technology has not improved enough to have a measurable impact on U.S. productivity
Which of the following does Luddite reasoning get correct?
A. Historically, the demand for labor has actually increased as technology has advanced. B. New technology frequently causes some specialized labor skills to become obsolete. C. New technology tends to raise total output, leading to an increase in the demand for labor. D. Labor is necessary for building and maintaining machines, and so increased demand for machines increases the demand for labor.