Compare and contrast the recent recession with the Great Depression.
What will be an ideal response?
Answers will vary, but the student should indicate that the economy was in far worse shape during the 1930's than during the recent downturn. The student could also point out the many government programs in existence today that weren’t around in the 1930's.
Economics
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Typically bond prices fall as interest rates rise
Indicate whether the statement is true or false
Economics
In the figure above, if no one owns the lake, the market does what?
A) overproduces 120 tons of pesticide B) underproduces 120 tons of pesticide C) overproduces 60 tons of pesticide D) produces the efficient quantity of pesticide
Economics