The Confederacy's primary mechanism for generating revenue during the Civil War was to:
a. Raise taxes.
b. Increase trade and gain more money from exports.
c. Borrow more money.
d. Print more money.
d. Print more money.
Economics
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In the figure above, at the point where the price is $4 per cup the price elasticity of demand is
A) 2. B) 0.5. C) 1. D) 1.5. E) 0.
Economics
After OPEC raised the price of crude oil in the 1970's, which of the following was the most important reason that there were shortages of gasoline? a. Americans drove large, gas-guzzling vehicles
b. The increase in the price of crude oil by OPEC. c. The effects of a price ceiling on gasoline prices imposed by the US government. d. Increased commuting times resulting from traffic congestion.
Economics