Which groups were opposed to the Bank of the United States?
A) northeastern industrial interests
B) northeastern financial interests
C) southern and western agrarian and small-business interests
D) exporters
C
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An industry supply curve is the horizontal summation of the supply curves of all of the individual firms.
Answer the following statement true (T) or false (F)
If the exchange rate between yen and dollars were 120 yen per dollar, when a Japanese tourist buys a good valued at $600, its cost in yen would be: a. 5 yen
b. 600 yen. c. 72,000 yen. d. 120 yen.
A tariff is
a. a penalty imposed on importers of capital b. a tax on financial transactions c. the result of a treaty d. a tax on either imports or exports e. an agreement between countries to limit trade
Exhibit 6-5 Workers and output data Laborers TotalProduct 0 0 1 8 2 20 3 25 4 28 5 29 In Exhibit 6-5, the marginal product of the second worker is:
A. 8. B. 10. C. 12. D. 20.