By 1913, steel making by Bessemer converter had been completely surpassed by
(a) continuous casting integrated mills.
(b) the Basic Oxygen furnace.
(c) electric furnaces.
(d) open hearth furnaces.
(d)
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Utility is the set of numerical values that
A) yields an absolute level of pleasure from a bundle of goods. B) reflects the relative ranking of various bundles of goods. C) describes how much more a consumer prefers one bundle to another. D) yields a cardinal ranking of bundles.
The Federal Deposit Insurance Corporation helps to reduce the number of bank failures because
a. of its rule that individuals cannot make a run on a bank b. it promises to reimburse up to $10,000 of lost deposits in an account c. depositors will be secure in the fact that their deposits are protected d. it pays attention to the changes in the economy e. it is a soothing agent for individuals who have accounts over $100,000
Explain how an increase in the price level changes interest rates. How does this change in interest rates lead to changes in investment and net exports?
Suppose Kyle is a liberal and the economy is overheated. Which fiscal policy does he recommend?
a. increase taxes b. decrease taxes c. increase G spending d. decrease G spending e. increase the money supply