The dominant school of economic thought until midway through the Great Depression of the 1930s was:

a. classical.
b. Keynesian.
c. monetarism.
d. supply-side.
e. rational expectations.

a

Economics

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A decision to postpone commercial development of an undisturbed parcel shows an example of what type of economic benefits?

a. Direct use values b. Indirect use values c. Existence values d. Option values e. Bequest values

Economics

During World War II, price controls were necessitated as shortages emerged in consumer markets. This required

(a) the federal government to ration goods through tickets. (b) the federal distribution of rationing points. (c) a forced reduction in private consumption. (d) all of the above actions.

Economics