Agricultural staples of the colonial South included:
a. rice.
b. tobacco.
c. indigo.
d. All of the above.
d. All of the above.
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Deposit insurance indirectly helped to create the savings and loan crisis in the United States because
A) depositors were not concerned with the types of investments made because they were insured, while at the same time savings and loans were aggressively investing in risky projects. B) depositors, believing that the government would not secure their deposits, were very concerned with the types of investments made at savings and loans. C) the government, without warning, eliminated deposit insurance for savings and loans, thereby causing a run on these institutions. D) depositors were not concerned with the types of investment made because savings and loans were making very conservative investments.
The above table shows the marginal benefits and costs from production of fertilizer. There are no external benefits. If the market is perfectly competitive and unregulated, at the equilibrium output, the
A) marginal private cost exceeds the marginal private benefit. B) marginal private cost is less than the marginal private benefit. C) marginal social cost equals the marginal private benefit. D) marginal social cost is greater than the marginal private benefit.
What is the difference between buying stocks and buying bonds?
A) The future growth of a stock is more uncertain than the payments of a bond. B) Differences of opinion about a stock's future may vary considerably but there is less difference about a bond's future. C) A stock can possibly pay dividends forever, but bonds have a fixed number of payments. D) All of these are differences between stocks and bonds.
The following Cobb-Douglas production function, Q = 1.8L0.74K0.36, exhibits
A) increasing returns. B) constant returns. C) decreasing returns. D) Both A and B