The Federal Reserve Act   a.  established a clearing…

The Federal Reserve Act   a.  established a clearinghouse system for checks and notes.    b.  allowed only nationally-chartered banks to become members of the Federal Reserve system.   c.  allowed the Fed District Banks to offer commercial loans to private businesses at reduced interest rates.   d.  required that all Fed District Bank directors be associated with the commercial banking industry.

Gradual emancipation laws adopted by some Northern states…

Gradual emancipation laws adopted by some Northern states   a.  used tax revenues to compensate slave owners for the financial loss associated with freeing slaves.   b.  provided for all newborn children of slaves to be freed at birth.   c.  provided for the freedom of female slaves, but not male slaves.   d.  recognized that after age 10 the cost of a slave to the owner was less than the benefit of a slave to the owner.

. If the government-imposed price of corn is greater than th…

. If the government-imposed price of corn is greater than the market price,   a.  the quantity of corn supplied will exceed the quantity of corn demanded.   b.  the quantity of corn supplied will be less than the quantity of corn demanded.   c.  the demand curve for corn will increase.   d.  the supply curve for corn will increase.

Frederick W. Taylor argued that worker efficiency could be i…

Frederick W. Taylor argued that worker efficiency could be improved by   a.  analyzing in detail the movements required to perform a job.   b.  offering employees quarterly stock options.   c.  encouraging employees to form company unions.   d.  introducing to a 5-hour/day, 7-day/week schedule