The Smoot-Hawley tariff increased the average tariff rate to ________ percent.
A. 15
B. 30
C. 60
D. 90
Answer: C
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The beginnings of the New York Stock Exchange can be traced back to a small group of men who bought and sold stock in New York in
A. 1792. B. 1866. C. 1892. D. 1929.
To keep employees from shirking, invest in greater monitoring
a. when monitoring is expensive relative to its benefits b. especially when monitoring is not very efficient c. when employees respond well to incentive contracts d. when incentives fail to solve either moral hazard and adverse selection problems with employees
A combination of two goods which lies beyond the production possibilities curve indicates: a. underutilization of resources
b. overutilization of resources. c. constant opportunity costs. d. a combination that cannot be produced with existing resources. e. society's most preferred combination of two goods.
If the estimated elasticity of supply coefficient equals 0.85, then: a. the supply curve is vertical
b. the demand curve is horizontal. c. supply is unit elastic. d. supply is relatively inelastic.