The Reciprocal Trade Agreement Act of 1934
a. increased the level of tariffs in the United States.
b. was the first in a series of retaliatory trade acts passed by Congress.
c. was the first in a series of Congressional acts reducing tariffs.
d. increased the level of tariffs in the United States AND was the first in a series of retaliatory trade acts passed by Congress.
c. was the first in a series of Congressional acts reducing tariffs.
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The most famous story about organizing tasks into jobs comes from Adam Smith's tale of the pin factory. In that story, he argues that
A. cross-training is critical for productivity. B. one worker should be assigned all the tasks in pin construction. C. coordination is the biggest problem for factory efficiency. D. specialization of jobs into simple tasks increases productivity.
The sale of government bonds by the Federal Reserve Banks to commercial banks will ________.
A. increase aggregate demand B. decrease aggregate supply C. decrease aggregate demand D. increase aggregate supply