Established in 1862, the Department of Agriculture's functions during the 19th and early 20th century included all of the following except
a. research and experimentation on plant and animal breeding.
b. regulation of agricultural prices and output.
c. distribution of information through publications and experiment stations.
d. regulation of quality through inspection of meat and dairy products.
b. regulation of agricultural prices and output.
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A downward sloping marginal product of labor curve demonstrates the law of diminishing marginal returns
Indicate whether the statement is true or false
If a person buries his money in his backyard, he is using money as a medium of exchange
a. True b. False Indicate whether the statement is true or false
A warranty on a used car is a credible signal of quality because:
A. many used cars come with warranties. B. it indicates the car is of average quality. C. it would cost the seller too much to honor a warranty on a low-quality car. D. sellers who offer warranties are more honest than most people.
Considering the Federal Reserve Districts, which of the following is true?
A. No district coincides with a single state. B. Some districts are made up of single states. C. The districts are divided with equal population. D. With the exception of New York, no district coincides with a single state.