When analyzing stages of economic development in the United States, it appears that we have entered the "tertiary stage." This is a stage marked by a shift toward
A. services.
B. population increases.
C. agriculture.
D. manufacturing.
Answer: A
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The popular and dominant school of economists in the 1930s who could not explain why the economy went into a depression were the:
A. Classical School. B. Austrian School. C. Mercantilists. D. Ricardians.
The Glass-Steagall Act of 1933:
A. required all state banks to get federal charters. B. required commercial banks to sell off their investment banking operations. C. eliminated the FDIC. D. required federally chartered banks to meet the branching restrictions of the states.
Economies of scale exist as a firm increases its size in the long run because of all of the following except
A) the firm can afford more sophisticated technology in production. B) labor and management can specialize even further in their tasks. C) as a larger input buyer, the firm can purchase inputs at a lower per unit cost. D) as a firm expands its production, its profit margin per-unit of output increases.
Tampa-St. Petersburg built new facilities to attract a sports franchise, but got a team only after waiting
A. five years. B. two years. C. ten years. D. four years.