Who made this statement? “Once upon a time my opponents honored me as possessing the fabulous intellectual and economic power by which I created a worldwide depression all by myself.”
_________ completely changed the face of the United States in the 25 years following World War II.
Writer Thomas Friedman asserts that “America is the greatest engine of innovation that has ever existed and it can’t be duplicated anytime soon, because”
When the Times Mirror Company purchased the right to discharge 150 tons of hydrocarbons annually from other polluters, this was an example of
When the government determines the permissible level of pollution and issues permits to each polluting firm, this is a form of
Statement I: Most economists believe price ceilings do more harm than good.Statement II: In the long run, higher gas prices encourage greater exploration for oil and encourage the development of alternative energy sources.
Statement I: In 1973 and 1979 the United States dealt with a decrease in the supply of oil by letting the market solve the problem.Statement II: In 2005 the government avoided the problems of long gas lines by allowing the price of gasoline to rise.
Which of the following could have caused the price of gasoline to reach nearly $6 per gallon in some parts of the South on Labor Day weekend, 2005?
Statement I: Interest rates would fall if the demand for loanable funds rises.Statement II: Interest rates would rise if the supply of loanable funds decreased.
The increase in two wage earning families in the U.S. has resulted in a substantial increase in the percentage of disposable income spent on
Housing cost has increased about _______ percent since 1970 due to the active market for real estate in desirable neighborhoods near good schools.
By making a partnership a limited partnership, the partners have the following advantage of a corporation form of business
Suppose you own $50,000 worth of personal property, $1,000 in government bonds, $500 in a savings account, and $20,000 of Walmart common stock. If Walmart goes bankrupt, the most you could lose is
Which would be the most accurate description of the top marginal tax rate of the federal income tax?
Statement 1: In 2002 and 2003, state after state slashed services and raised taxes.Statement 2: Through the 1970s, the 1980s, and the 1990s, state governments ran substantial budget deficits.
Statement 1: The first Presidents George Bush. and President Bill Clinton will go down in history as two of our greatest tax cutters.Statement 2: Presidents Ronald Reagan and The second President Bush will go down in history as two of our greatest tax cutters.
The most important economic concept to consider when deciding whether to build your own deck or hire it done is
The most important economic concept to consider when deciding whether to produce a product domestically or import the product is
In 2004, ___________ exceeded the United States in value of exports becoming the world’s largest exporter.
After World World II, the United States produced about ______ percent of the world’s oil, much of which we exported.
If the unemployment rate rises from 5.5 to 7.0 and the rate of inflation declines from 4.0 to 3.0, then the misery index
Which of the following does NOT explain why the record budget surplus in 2000 turned into record budget deficits by 2003?
Automatic stabilizers result in _____ fluctuations in aggregate demand for given changes in spending than would be the case for an economy in which automatic stabilizers did not exist.
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