The Bank of the United States faced opposition from which of the following?
A) local banks who resented the Bank's supervision
B) advocates of limited government who distrusted its power
C) farmers and small businesses who resented the Bank's interference with their ability to obtain loans
D) all of the above
D
You might also like to view...
Manisha could work for another firm making $10,000 per month, but she decides to open her own gourmet cheese store and pay herself $2,000 per month
In her first month of operations, she spends $6,000 on cheese, $1,000 on other items, and $2,500 on rent. She had a great opening month, and brought in revenues of $14,500. What are Manisha's economic profits? A) $3,000 B) $4,000 C) -$5,000 D) -$6,000
Under perfect competition, the market mechanism, without any government regulation, is capable of
a. allocating resources efficiently. b. solving equity problems. c. making the average cost of labor equal to the average cost of all commodities. d. making more income available to the poor.
Efficient solutions to solving externality problems:
A. decrease surplus for everyone in society. B. are not always supported in political arenas. C. are always supported by the government. D. increase surplus for everyone in society.
Externalities can be either positive or negative.
Answer the following statement true (T) or false (F)