The intersection of the x axis and the y axis is called the
A) "meeting point."
B) origin.
C) "zero" point.
D) corresponding point.
Answer: B
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During the colonial period the cost of building a ship in New England was typically _________ the cost of building the same ship in England
a. greater than b. less than c. about equal to d. not comparable to
A continuing resolution is: a. an agreement that requires Congress to balance the budget on an annual basis
b. an agreement that allows Congress to have too much control over the budgetary process. c. an agreement that allows agencies to spend at the rate of the previous year's budget. d. a decision made by congressional committee about the federal spending and revenue levels for five years. e. a guaranteed benefit for those who qualify for government transfer programs.
Marginal thinking is best demonstrated by: a. choosing to spend one more hour studying economics because you think the improvement in your score on the next quiz will be worth the sacrifice of time. b. deciding to never purchase a coat made with animal skins or furs
c. acquiring all the information relevant to a choice before making that choice. d. measuring all of the costs of a meal against all of the benefits when deciding whether to order a second milkshake.
The recession of 1937-38 had two basic causes: (1) _______________________; and (2) _________________________.
Fill in the blank(s) with the appropriate word(s).