According to Max Weber, the Protestant world view that encouraged hard work and saving was crucial to industrialization and the development of capitalism. Which hypothesis is this view based on?
A) The geography hypothesis B) The location hypothesis
C) The institutions hypothesis D) The culture hypothesis
D
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What was the intent behind the intervention of the Fed and Treasury in financial markets during the Financial Crisis of 2007-2009?
What will be an ideal response?
A profit-maximizing firm will hire extra units of a resource when
a. marginal resource cost exceeds marginal revenue product b. marginal resource cost is equal to marginal revenue product c. marginal resource cost is less than marginal revenue product d. temporary resource price differentials exceed the marginal resource cost e. the average resource cost and marginal resource cost curves are equal
Joan has the following assets and liabilities:Credit Card balance$1000Cash$200Government bonds$3,000Checking$1,500Car loan balance$10,000Car$15,000Which of the following actions would increase Joan's money demand by $100?
A. Joan pays $100 cash for a new lamp. B. Joan sells a $100 government bond and puts the proceeds in her checking account. C. Joan writes a check for $100 to pay down her car loan balance. D. Joan writes a check for $100 to pay down her credit card balance.
What effect did the decrease in the value of the dollar have on the U.S. trade deficit in the period from 2006 to 2009?
A. It decreased the trade deficit as Americans bought more U.S. capital goods. B. It decreased the trade deficit as foreigners were attracted to the increased value of U.S. products and Americans bought fewer imports. C. It increased the trade deficit as U.S. investors bought more domestic financial assets. D. It increased the trade deficit as Americans bought more imports and foreigners bought fewer U.S. products.