A certain machine will last one year, will produce $120 in income (received one year later), and will cost $100. The lowest interest rate at which this investment will be unprofitable is

The law that created the high level of tariffs in United States in the 1930s is

A) the GATT Act. B) the World Trade Act. C) the Smoot-Hawley Act. D) the Tariffs Agreement Act.

In contrast to the post-World War II period, before 1940 the government

a. actively intervened in the economy for stabilization purposes. b. used aggregate demand management to avoid recessions. c. rarely intervened in the economy to influence inflation or unemployment rates. d. used government ownership to guarantee full employment.