What best describes the role of the United States in World War I?
a. The U.S. entered World War I as soon as it started.
b. The U.S. was a neutral moderator throughout the war.
c. The U.S. entered the war on the side of Russia and opposed Austria Hungary.
d. U.S. business suffered severe financial losses during the war.
c. The U.S. entered the war on the side of Russia and opposed Austria Hungary.
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Consumption goods
A) include spending on machines and buildings so that goods can be produced in the future. B) are goods that are used to make other goods. C) include goods such as DVDs that firms hold in inventory. D) are only the goods bought by households for immediate satisfaction.
Suppose the natural unemployment rate is 5 percent, the actual unemployment rate is 6 percent, and potential GDP is $5,000 billion. Based on Okun's Law, real GDP is equal to ________ billion
A) $4,000 B) $4,900 C) $5,900 D) $5,000 E) $5,100
Between 1830 and 1860, the number of miles of railroad in operation increased by
a. roughly 100 percent. b. roughly 500 percent. c. roughly 750 percent. d. over 1000 percent.
Average cost curves have the same shape as
a. total cost curves. b. marginal cost curves. c. total fixed cost curves. d. average fixed cost curves.