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Which United States President is most closely linked with “The Great Society”?   a.  Franklin D. Roosevelt   b.  Lyndon Johnson   c.  Richard Nixon   d.  Ronald Reagan

According to the Keynesian interpretation of the 1930’s, the main reason we still had double digit unemployment in 1939 was that   a.  interest rates were too high.   b.  federal budget deficits were too small.   c.  the stock of money was too small.   d.  investment spending was too high.

The financial crisis that began in 2007   a.  was predicted in detail by Alan Greespan and Ben Bernanke.   b.  was centered on subprime lending and the complex financial instruments based on subprime loans.   c.  was caused by a downturn in the stock market.   d.  None of the above are correct.

After 1960, all of the following declined except   a.  the number of U.S. farms.   b.  the portion of U.S. labor force employed by the agricultural sector.   c.  the total amount of U.S. land devoted to farming.   d.  the average acreage per U.S. farm.

Thomas Jefferson argued that the U.S. should adopt the Spanish dollar as the official unit of account because   a.  so many colonists came from Spanish-speaking nations.   b.  it was based on the decimal system.   c.  it was less prone to inflation than other units of account.   d.  it was the unit of account used in most European countries.

In Coppage v. Kansas (1912), the Supreme Court held that   a.  all employers were required to offer employees the option of joining a union.   b.  an employer’s right to require that employees sign “yellow-dog contracts” was protected by the 14th Amendment.   c.  “yellow-dog” contracts were illegal for any business engaged in interstate commerce.   d.  using federal troops to break strikes was a legitimate use of police power.

Food rationing during World War I under the wartime food administration featured   a.  voluntary calls for “Meatless Mondays” and “Wheatless Wednesdays.”   b.  a broad policy of direct controls on prices set by the Food Administrator.   c.  rationing for all food products except sugar.   d.  a pervasive belief that fear of government retribution, rather than appeals to moral principles, was key to reducing consumption, and maintaining food surpluses for export.

Which of the following presidents is remembered for his role in championing American conservation legislation?   a.  Warren G. Harding   b.  Abraham Lincoln   c.  Ulysses S. Grant   d.  Theodore Roosevelt

The immigrants most likely to go directly to the lands in the West, rather than be absorbed into the eastern city populations, were from   a.  England and Scotland.   b.  Germany   c.  Ireland.   d.  France.

“Value added” is defined as   a.  the price of the product multiplied by the quantity produced.   b.  total sales revenue divided by the quantity produced.   c.  total sales revenue minus sales taxes.   d.  the value of total product minus raw materials costs.