Which of the following is most accurate about the US during World War I?
a. Long-standing nationalistic and imperialistic rivalries produced a dangerous political situation.
b. The continent had experienced several major wars in the preceding decades.
c. Industrialization and a greater commitment to international trade had created rapidly rising standards of living.
d. There was rising solidarity among the labor movements of different nations.
b. The continent had experienced several major wars in the preceding decades.
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In developing countries, economists have found ________ correlation between a person's height and the wages he can earn in the farming sector
A) no B) an inverse C) a weak D) a strong
The major difference between monopolistic competition and monopoly is
A) monopoly is a price setter and a firm in monopolistic competition is a price taker. B) only a monopoly can earn an economic profit in the long run. C) only a firm in monopolistic competition can earn an economic profit in the short run. D) how the quantity of output is determined. E) only firms in monopolistic competition are protected by barriers to entry.
After getting a raise at work, Jasper now regularly buys steak instead of chicken. Which factor of demand has influenced Jasper's demand for steak?
A. Price of a substitute good B. Price of a complementary good C. Income D. Preferences
Which of the following would generate positive externalities?
a. Flu vaccinations. b. Farmers' use of pesticides. c. Cigarette smoking in elevators. d. Litter left at the beach. e. An unkept front yard.