The Gallatin Plan (1808)
(a) was a plan by the U.S. Senate for a comprehensive system of internal land and water transport
in the eastern part of the country to be built by the federal government.
(b) was promoted on the basis that only the federal government could command sufficient resources to build a transportation system.
(c) was partially implemented but not completed by the federal government because of concerns about the constitutionality of such federal action.
(d) was characterized by all of the above.
(d)
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In the United States, the lifetime distribution of income is more equal than the annual distribution. This statement is:
A. true because the rich have gotten richer and the poor have gotten poorer. B. true because there is considerable income mobility over time. C. false because people tend to stay in the same income quintile over extended periods of time. D. false because the rich have gotten richer and the poor have gotten poorer.
Approximately what percentage of the world's extinct species became extinct before humans appeared on earth?
A) 2 percent B) 10 percent C) 67 percent D) more than 99 percent
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point C to Point B, ________ additional LCD TVs could be produced when the production of OLED TVs is reduced by 20.
A. exactly 30 B. exactly 60 C. fewer than 30 D. more than 30
According to the Classical model, unemployment
A. could not persist because wages would fall to eliminate the excess supply of labor. B. could be eliminated through fiscal and monetary policies. C. could be eliminated only through government intervention. D. could not persist because wages would rise to eliminate the excess supply of labor.