The Northwest Land Ordinance of 1785 provided for western lands to be divided into townships, each of which covered
a. 100 acres.
b. all of the land between any two identifiable natural objects, such as streams, trees or rocks.
c. enough land to support 10 families.
d. 36 square miles.
d. 36 square miles.
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If Bank A sells a $100,000 U.S. Treasury bond to the Fed, Bank A's required reserves will:
A. increase but by less than $100,000. B. decrease. C. not change. D. increase by $100,000.
According to supply-side theory, which of the following will shift the aggregate supply curve to the right?
A. A reduction in discrimination. B. A higher minimum wage. C. A reduction in spending on education. D. Higher marginal tax rates.
A major advantage of the corporate form of business organization is the concept of limited liability.
Answer the following statement true (T) or false (F)
If the price of manicures declines by 50 percent, the quantity demanded will _____ and the quantity supplied will ______.
Fill in the blank(s) with the appropriate word(s).