The industrial North wanted the _______ to buy their goods rather than import goods from ________ so they erected ____________ tariffs.
Fill in the blank(s) with the appropriate word(s).
South; Europe (or England); protective
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The table above gives the utility from pens and pencils. The marginal utility derived from the third pen is
A) 200. B) 155. C) 445. D) 45.
If the required reserve ratio is 5%, what is the value of the simple deposit multiplier?
A) 0.05 B) 0.20 C) 5 D) 20
The completion of the American national railroad network in the second half of the 19th century led to all of the following except
A. that it enabled manufacturers to sell their products all over the country. B. mass consumption. C. increased prices of goods sold which led to more investment and more jobs. D. higher wages.
In the World View article on new tariffs on imported steel from China, the tariff is designed to
A. Protect U.S. steel consumers. B. Protect Chinese workers who produce steel. C. Protect U.S.-based import-competing industries. D. Protect U.S. steel distributors.