The Second Bank of the United States lost its charter, in part, because Andrew Jackson effectively argued to the voting members of Congress that the "central" bank was a monopoly and largely influenced by the corrupt and fraudulent behavior of a
wealthy minority and foreign investors. Indicate whether the statement is true or false
True
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Ace has always been a top student, so it was no surprise he won a $1,500 scholarship from the company where he worked summers to help with college expenses. Ace decides to spend his scholarship money on a new Apple MacBook. How will GDP be affected by Ace's recent purchases?
A. Consumption will go up by $1,500, because a computer is a durable good. B. Investment will go up by $1,500, because a computer is a durable good. C. GDP will not be affected, since Ace acquired the computer with scholarship money. D. Consumption will go up by $1,500, because a computer is a nondurable good.
If Levi Strauss & Co were to require every retailer that carried its clothing to charge customers $42 for each pair of jeans, Levi Strauss & Co would be practicing
a. resale price maintenance. b. fixed retail pricing. c. tying. d. cost plus pricing.
The rise in average living standards experienced by most industrialized countries:
A. has been more rapid since 1950 than before 1950. B. has been continuous over the course of human history. C. was more rapid before 1870 than after 1870. D. has resulted primarily from an increase in population worldwide.
Medicare hip and knee bundled payments have been able to reduce costs by
A. negotiating lower fees for surgeons. B. eliminating discharge planning. C. reducing postsurgical rehabilitation costs. D. All of the above