According to Walton and Rockoff, the primary reason the Federal government failed to build an adequate highway system before the Civil War was
a. the technology was not available.
b. the canal craze diverted attention.
c. rivalries among different sections of the country stalled legislation.
d. the teachings of Adam Smith were taken too literally.
c. rivalries among different sections of the country stalled legislation.
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Refer to the table above. What is the equilibrium price of notebooks?
A) $4 B) $6 C) $2 D) $7
An essential piece of the liquidity preference theory is the demand for money
a. True b. False Indicate whether the statement is true or false
Suppose a fast food restaurant was one of many hiring workers, the minimum wage was $7.25 an hour and it was paying $7.25 an hour. Suppose the economy slides into recession such that the new equilibrium wage was $6.50 per hour. This would cause them to
A. do nothing differently. B. pay between $7.25 and $9.00. C. lower their offering wage to $6.50 an hour. D. raise their offering wage to $9.00 an hour.
Many people assume that if child workers in developing countries weren't working in factories, they would be in school. In fact, children in developing countries
A) split their time evenly between work and school. B) usually have few good alternatives to work. C) are only allowed to work if they have attended school up to age 15. D) who work are relatively rare, as most do attend school full time.