During the second half of the 19th century, the United States
A. was a net creditor nation.
B. had a surplus in its current account.
C. borrowed heavily from European nations to acquire capital in order to industrialize.
D. borrowed heavily from European nations to purchase consumer goods.
C. borrowed heavily from European nations to acquire capital in order to industrialize.
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An increase in fixed costs will lower a firm's
a. total cost. b. output. c. prices. d. profit.
In reality, a manger ________ be able to maximize the firm's profit period to period due to ________ changes to a firm's demand and/or cost.
A) will; known B) will not; random C) will not; known D) will; random
Legally speaking, the geographic concentration of slavery in the southern part of the U.S. is explained by all of the following except:
a. provisions in the Northwest Land Ordinance of 1787. b. plantations employing high slave labor were present in Southern states. c. laws allowing for gradual emancipation in some northern states. d. an amendment to the U.S. Constitution that allowed importation of slaves only through the port of Charleston after 1800.
A failure in coordination between workers and employers is most likely to cause an expansionary gap.
a. true b. false