In the modern U.S. economy, most transactions are made with
A. cash.
B. gold and silver.
C. credit cards.
D. checking deposits.
Answer: D
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By the eve of World War I, the United States accounted for more than ___ of the world's industrial production. a.15% b.30% c.60% d.90%
Assume you are a critic of welfare reforms that impose a time limit on the number of years a person is eligible for welfare benefits. What is the foundation of your critique?
In the presence of positive externalities, a market will charge ________ and produce ________.
A. the correct amount; too little B. too little; too little C. the correct amount; the correct amount D. too much; the correct amount
Lee and Cody are playing a game in which Lee has the first move at A in the decision tree shown below. Once Lee has chosen either aggression or cooperation, Cody, who can see what Lee has chosen, must choose either aggression or cooperation at B or C. Both players know the payoffs at the end of each branch.
If Lee chooses aggression, Cody will respond with ________, and if Lee chooses cooperation, Cody will respond with ________.
A. aggression; cooperation B. aggression; aggression C. cooperation; cooperation D. cooperation; aggression