Advertising to differentiate your product most often occurs…

Advertising to differentiate your product most often occurs in what type of industry?   a.  Industries that produce agricultural crops.   b.  Industries with monopolies.   c.  Industries with monopolistic competition.   d.  Perfectly competitive industries. 

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.

The Constitution   a.  empowers each state to negoti…

The Constitution   a.  empowers each state to negotiate its own treaties with foreign governments.   b.  empowers Congress to pay off all public debts, including those incurred by the states.   c.  allows for states to set tariffs on goods imported from another state.   d.  allows only Congress to set tariffs on goods moving from one state to another.

Which of the following most accurately describes the “Fisher…

Which of the following most accurately describes the “Fisher effect?”    a.  Interest rates increase after inflation and decrease after deflation, but with a long lag.    b.  Interest rates are independent of inflation and deflation.    c.  Interest rates increase after inflation, but are not affected by deflation.    d.  Increasing interest rates precede inflation and decreasing interest rates precede deflation. 

The Grangers are noted for   a.  encouraging the fed…

The Grangers are noted for   a.  encouraging the federal government to re-issue “greenbacks.”   b.  establishing cooperatives that sold farm and consumer goods to their members.   c.  refusing to sell grain to foreign countries.   d.  forming a cartel that set upper limits on members’ output of basic farm products.