Beer and wine were difficult to find during the prohibition on alcohol, but whisky and gin were plentiful. Why?
A) Beer and wine were illegal; whisky and gin weren't.
B) The drinking public only wanted whisky and gin.
C) Criminals found it much more efficient to produce liquor.
D) Police were willing to overlook production and consumption of whisky and gin because they believed liquor was less dangerous than beer and wine.
E) Government officials were interested in seeing what would happen to rate of alcohol poisoning in the United States.
C
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Answer the next question on the basis of the following information about a hypothetical economy.Full-time employed = 80 Part-time employed = 25 Unemployed = 15 Discouraged workers = 5 Members of underground economy = 6 Consumer price index = 110 The unemployment rate is
A. 12.5%. B. 25%. C. 16.7%. D. 18.8%.
The Gallatin Plan (1808)
(a) was a plan by the U.S. Senate for a comprehensive system of internal land and water transport in the eastern part of the country to be built by the federal government. (b) was promoted on the basis that only the federal government could command sufficient resources to build a transportation system. (c) was partially implemented but not completed by the federal government because of concerns about the constitutionality of such federal action. (d) was characterized by all of the above.
What was not a problem with using commodity money in the US colonies prior to 1700?
a. Very few people were willing to accept commodities as payment. b. Commodity spoilage rates were high. c. Controlling the quality of payments made with commodities. d. High storage costs of commodities.
Tom is a castaway who washes up on a remote island. He can kill eight birds per hour or catch ten fish per day. The natives on the island can kill ten birds per day or catch twenty fish per day. Tom has a comparative advantage in: a. hunting birds
b. fishing. c. both hunting birds and fishing d. neither hunting birds or fishing.