In the United States in 1929, ________ people were unemployed.
A. 250,000
B. 1.5 million
C. 13 million
D. 51 million
Answer: B
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Which of the following did not help Thailand maintain its peg against the dollar in the 1990s?
A) borrowing dollars from the International Monetary Fund in exchange for baht B) foreigners selling off new investments in Thailand C) increasing domestic interest rates to attract more foreign investors D) buying baht on the foreign exchange market to support higher demand for the baht
An economy's production possibilities curve depicts different combinations of goods that can be
a. consumed by households in the economy since households are the suppliers of resources b. consumed by firms in the economy since firms actually do the producing c. produced in the economy with the available technology and resources d. produced and consumed by firms since they are the sole source of production in the economy e. bought and sold by both firms and households on the resource market
Which of the following will not cause the aggregate demand curve to shift?
a. an increase in government spending for interstate highways b. an increase in the sales of exports resulting from a change in the exchange rate c. a change in the price level d. an increase in the purchase of capital goods caused by a change in expectations e. a decrease in the construction of new houses caused by an increase in interest rates
The process of invention is the act of
A. introducing a new product into the market. B. applying a process in a new area of the market. C. discovering a new process or product. D. adopting an innovation to a profitable use.