Which statement is false?
A. The spreading use of electricity during the 1920s helped create rapid economic expansion in that decade.
B. The stock market rose very rapidly in the late 1920s.
C. Between 1921 and 1929 national output rose by 50 percent.
D. None of the statements are false.
D. None of the statements are false.
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Stock prices often fail to correctly reflect complete information about a company in the long run
a. True b. False Indicate whether the statement is true or false
If the domestic income of a nation’s citizens increase, then we might expect net export spending to:
A. increase. B. decrease. C. remain constant. D. there is not enough information to determine what would happen.
The fact that the United States has become a net debtor nation is an indication that
A. As undesirable as they are, trade restrictions are becoming a necessity. B. The United States should never have abandoned the gold standard. C. The U.S. economy is highly regarded by world investors. D. The U.S. economy is in a long-term decline compared to other major economies.
A government action that can help correct positive externalities is
A. an effluent fee charged to producers of the good that provides external benefits. B. a subsidy to consumers of the good that provides external benefits. C. a tax on producers of the good that provides external benefits. D. regulations aimed at reduced production by sellers of the good that provides external benefits.