The legislative immigration restrictions following World War I (1914–18) contributed to which of the following in the 1920s?
(a) An acceleration in the growth in the U.S. population
(b) A decline in the rate of household formation in the U.S.
(c) Rapid rise in U.S. prices
(d) High unemployment in the U.S.
(b)
.
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The majority of the members of the U.S. Congress want to retain the so-called Fairness Doctrine as a control over television and radio broadcasters because
A) competition by itself cannot produce fairness. B) government oversight is required to assure equal time for conflicting points of view. C) television and radio are local monopolies to a large extent. D) the air waves belong to the public. E) the doctrine gives more power and influence to members of Congress.
Total costs increase from $1500 to $1800 when a firm increases output from 40 to 50 units. Which of the following are true?
a. AVC rise by $300 b. AVC rise by $1800 c. AVC rise by $1500 d. AVC rise by $0
A decrease in the general price level is associated with an upward shift in the aggregate expenditures function
a. True b. False Indicate whether the statement is true or false
Commodity egalitarianism suggests that some goods be available to everyone.
A. True B. False C. Uncertain