Chief Justice John Marshall had a strong conviction that
(a) slavery would only work in the South.
(b) a country needs a central government with enough power to place in check state and local interests when the development and growth of the country is concerned.
(c) strong state banking systems would help the nation's commerce.
(d) the Constitution should be interpreted literally.
(b)
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The impact of Hurricane Katrina on consumers in the economy was to make them very pessimistic about their future incomes. How does this increased pessimism affect the aggregate demand curve?
A) This will move the economy down along a stationary aggregate demand curve. B) This will shift the aggregate demand curve to the left. C) This will shift the aggregate demand curve to the right. D) This will move the economy up along a stationary aggregate demand curve.
A supply schedule shows the relationship between
a. demand and supply b. supply and income c. price and income d. quantity supplied and price e. income and quantity supplied
What has been the impact of the widespread adoption of automated teller machines (ATMs) on the demand for bank tellers?
A) The demand for tellers has increased. B) The demand for bank tellers has become more inelastic. C) The demand for bank tellers has become more elastic. D) There has been no change because the ATMs and the employees provide completely different services.
If your marginal utility becomes negative, your total utility _____________.
Fill in the blank(s) with the appropriate word(s).