This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In implementing the Marshall Plan (194851), (a) the United States discouraged European countries ... (Read 73 times)

urbanoutfitters

  • Hero Member
  • *****
  • Posts: 530
on: Jun 30, 2018
In implementing the Marshall Plan (194851),
 
  (a) the United States discouraged European countries from cooperating among themselves to increase trade, as it was felt that economic recovery would be better achieved through competition.
  (b) the United States, in order to offset the large capital outflow caused by loans and grants made abroad, tried to maintain a balance of payments surplus.
  (c) the United States offered financial aid to many of the economies in Western Europe devastated by World War II.
  (d) the U.S. dollar was devalued 30 against other world currencies.

Question 2

In the classical model, a tax on labor supply will
 
  a. decrease the demand for labor, increase the real wage, decrease output, and reduce the price level.
  b. decrease the supply of labor, increase real wages, decrease output, and increase the price level.
  c. decrease the demand for labor, the real wage, decrease output, and increase the price level.
  d. have no effect on the labor market, but reduce output and increase the price level.
  e. increase both labor demand and supply, which will increase output and the price level.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sierrahalpin

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

(c)

Answer to Question 2

B


urbanoutfitters

  • Member
  • Posts: 530
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Phacopid trilobite, Devonian age, Ohio, United States Phacopid trilobite, Devonian age, Ohio, United States
Bilingualism in the United States Bilingualism in the United States
How Many Indians Perished with European Settlement? How Many Indians Perished with European Settlement?
Personality differences in the United States Personality differences in the United States
Leading Sites of Cancer Deaths in the United States, 2013 Leading Sites of Cancer Deaths in the United States, 2013
How to choose the right payment plan with changing conditions (Question 4) How to choose the right payment plan with changing conditions (Question 4)
Video: How a Urinalysis is Performed

For a complete list of videos, visit our video library