What most accurately describes the implementation of the New Deal?
a. It was implemented in two phases over the course of about eight years.
b. Its major reforms were implemented in the first 100 days of Franklin Roosevelt's Presidency.
c. The first elements of the New Deal that were implemented were the most politically liberal.
d. Most of the reforms were temporary and were phased out by World War II.
a. It was implemented in two phases over the course of about eight years.
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An export industry is said to exhibit increasing returns to scale when
(a) a large-scale organization has significant competitive advantages over small-scale activities. (b) labor utilization increases by 50 percent but export output production increases by only 20 percent. (c) its small-scale business activity has significant comparative advantages over large-scale productions. (d) use of capital increases by 10 percent leads to an increase in export production by 10 percent.
In September 1929, Roger Babson predicted the collapse of the stock market
Indicate whether the statement is true or false