Since 1950
A) the average length of expansions in the United States have become longer as compared to before 1950.
B) the average length of expansions in the United States are about the same length as compared to before 1950.
C) the average length of expansions in the United States have become shorter as compared to before 1950.
D) economic expansions in the United States have been so short that expansions barely exist.
A
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During the Great Depression in the 1930s, the average tariff level in the United States peaked at about
A) zero. B) 6 percent. C) 20 percent. D) 100 percent.
An example of a situation in which the social costs are greater than the private costs would be
A) a new restaurant takes business away from an established restaurant. B) hand-held calculators putting slide rule manufacturers out of business. C) when a member of a rock band's ability to hear deteriorates from performing in so many loud concerts. D) a physician who cannot examine patients with a stethoscope in an examination room adjacent to an airport.