In the late-19th century, farmers blamed their problems on a number of factors. Which of these complaints is supported (somewhat) by quantitative evidence gathered by economic historians?
a. Eastern bankers conspired to inflate interest rates on western farm mortgages.
b. Manufacturers charged unreasonably high prices for farm equipment.
c. Consumer goods prices were rising too rapidly.
d. Certain sections of railroad were monopolized, resulting in unreasonably high freight rates.
d. Certain sections of railroad were monopolized, resulting in unreasonably high freight rates.
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Keynes' great book offered the promise of ending depressions through
a. investors reacting to lower interest rates. b. consumers taking over the ownership of factories. c. government nationalizing key industries. d. government influencing aggregate demand.
Why is the commercial value of ivory a threat to the elephant, while the commercial value of beef is the cow's guardian?
a. Elephants live in Africa, whereas cows live in the United States. b. Elephants are a common resource. c. Cows are a common resource. d. Cows are a public good.
In a partnership, the owners of the business and the business are ________, and in a sole proprietorship, the owner of the business and the business are ________
A) separate legal entities; also separate legal entities B) not separate legal entities; also not separate legal entities C) not separate legal entities; separate legal entities D) separate legal entities; not separate legal entities
What were the two main rationale for exempting nonbanks from restrictions on assets and degrees of leverage?
What will be an ideal response?