The Social Security system was founded
A) during the Civil War, to pay pensions for veterans.
B) during the last years of the nineteenth century, as people who had once depended on having a family farm found themselves without a means of support.
C) as the United States began to recover from the Great Depression.
D) in response to concerns that arose during the high inflation of the 1970s.
C
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A logarithmic variable cost function implies that
A) marginal cost is increasing at a decreasing rate. B) marginal cost is increasing at an increasing rate. C) marginal cost is constant. D) marginal cost is decreasing as quantity increases.
Answer the following statements true (T) or false (F)
1. If banks had $10 million in legal reserves, $110 million in check able deposits, and a 10 percent reserve requirement, they would have to reduce check able deposits by $10 million or increase reserves by $1 million. 2. A decrease in reserve requirements immediately increases the money supply. 3. The total check able deposits a bank may have can be determined by dividing its reserves by the reserve requirement. 4. The most liquid measure of the U.S. money supply is M1. 5. Federal Reserve banks stand ready to convert dollars into gold upon demand. 6. The Treasury issues all paper currency today.
A monopolist would probably earn fewer profits if
A. the time length of patents increased. B. tariffs on competing products were lowered. C. environmental regulations increased that required the purchase of special capital equipment. D. the importance of specialized capital equipment in its production techniques increased.
Define economic immigrants
What will be an ideal response?