Which one of the following could not have helped contribute to the recession of 1990– 1991?
a. less spending by state and local governments
b. lower military spending by the federal government
c. high levels of consumer debt
d. lower tax rates
e. expectations by consumers that the economy was in a downturn
D
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Transfer programs are a way to redistribute incomes to address economic inequities
Indicate whether the statement is true or false
A producer cooperative is a retail business owned and operated by some or all of its customers in order to reduce costs
Indicate whether the statement is true or false
The rate of interest affects agriculture because
A) A high interest rate suggests a stronger dollar which depresses farm export demand. B) A low interest rate lowers farm expenses. C) A high interest rate reduced the capitalized value of farmland. D) All of the above.
Which of the following does not illustrate the use of heuristics?
A. Baseball players locking their eyes on the ball in order to have a good chance of catching it B. Scientists using the laws of physics and mathematics to predict where billiard balls will roll C. Companies spending a lot on advertising in order to make their brands better-known D. Staying upright on a bicycle by steering in the direction of a fall when one begins to happen