Agricultural prices fell during each of these periods EXCEPT
A. 1865-1900.
B. 1900-1919.
C. 1929-1933.
D. There is no exception. Agricultural prices fell in all these time periods.
B. 1900-1919.
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Productivity is defined as: a. the ratio of a specific measure of output to a specific measure of input
b. the production of worthwhile goods and services. c. the market value of goods, services, and resources produced per time period (e.g., per year). d. average input divided by average output. e. total input divided by average output.
In the national income accounts, depreciation is called
a. "consumption of fixed capital." b. "negative investment." c. "diminished value." d. "loss due to wear."
In a perfectly competitive market, the market demand curve is ________ , while an individual firm's demand curve is ________
a. downward-sloping; horizontal. b. downward-sloping but relatively flat; downward-sloping but relatively steep. c. horizontal; downward-sloping. d. horizontal; vertical
According to supply-side economists, when operating in the upper portion of the Laffer curve, tax cuts result in ___________.
Fill in the blank(s) with the appropriate word(s).