Early efforts by states to regulate the railroads:
a. resulted in "Granger laws."
b. resulted in laws that were initially supported by the railroads.
c. outlawed product discrimination.
d. allowed for higher charges on short haul freight.
a. resulted in "Granger laws."
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Refer to Table 2-4. Assume Dina's Diner only produces sliders and hot wings. A combination of 40 sliders and 50 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
When output is below potential and the policy rate has hit the floor of zero, if policymakers do nothing, output will ________ and inflation will ________
A) rise; fall B) fall; fall C) fall; rise D) rise; rise
If real income rises in the economy and, at the same time, productivity in the agriculture sector rises, too, then it follows that the demand for food will
A) rise (assuming that income elasticity of demand for food is greater than 1 ) and the supply of food will remain constant. B) rise (assuming that income elasticity of demand for food is greater than 0 ) and the supply of food will increase, too. C) fall (assuming that income elasticity of demand for food is greater than 1 ) and the supply of food will fall, too. D) fall (assuming that income elasticity of demand for food is equal to 1 ) and the supply of food will rise. E) none of the above
The use of thorough job orientation helps to increase productivity through
A. mass production. B. participative decision making. C. training and education. D. quality of work life.