Eisenhower's conservative policies were characterized by budget surpluses that produced further declines in price levels
Indicate whether the statement is true or false
False
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Even though reliable data is lacking, the Beard-Hacker Thesis maintains that the Civil War (1861–1865)
(a) was more costly to the South than to the North. (b) ended Southern prosperity through the abolition of slavery. (c) increased immigration to the U.S. (d) sped up the industrialization of the U.S.
If transactions costs are very high and auctions for pollution permits are not possible, which of the following is the most effective way to deal with pollution?
A. Require all polluters to limit their pollution to a certain level with regulation B. Allow the parties to negotiate C. Give subsidies to reduce pollution D. Tax pollution
A perfectly inelastic demand is one in which the:
A. response to a change in price is immediate. B. demand curve is perfectly vertical. C. measured elasticity is exactly -1. D. demand curve is perfectly horizontal.
Mary and Jane are partners in a business. Their business is growing but has not yet reached the point where they can afford a new delivery truck. Jane owns an old truck that she has not been using. She decides to donate it to their business for free.
A. This transaction involves no economic cost and no accounting cost. B. This transaction involves economic cost but no accounting cost. C. This transaction involves both economic cost and accounting cost. D. This transaction (donation) involves no economic cost.