The Great Depression ended in the United States when
A. the New Deal reforms were initiated by President Roosevelt.
B. deficit spending ended in 1937.
C. the United States returned to the gold standard in 1940.
D. the United States began to mobilize for war in the early 1940s.
E. the German economy suffered hyperinflation in the 1920s.
Answer: D
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NAFTA is an example of a multilateral approach to achieving free trade
a. True b. False Indicate whether the statement is true or false
Suppose that the market for candy canes operates under conditions of perfect competition, that it is initially in long-run equilibrium, and that the price of each candy cane is $0.10. Now suppose that the price of sugar rises, increasing the marginal and average total costs of producing candy canes by $0.05. Based on the information given, we can conclude that in the short run a typical producer of candy canes will be making:
A. zero economic profit. B. The answer is impossible to determine based on the information given. C. an economic profit. D. negative economic profits.
Refer to the table below. Diminishing marginal returns sets in with the addition of the:
The question is based on the following table that provides information on the production of a product that requires one variable input.
A. First unit of input
B. Second unit of input
C. Third unit of input
D. Fourth unit of input
The outcome of the state of nature affects the payoff to the agent under a
A) fixed-fee contract. B) hire contract. C) contingent contract. D) All of the above.