1. Since the millennium, job growth is 2. Which statement about the United States at present is false? 3. Who made this statement? "Once upon a time my opponents honored me as possessing the fabulous intellectual and economic power by which I created a worldwide depression all by myself." 4. _________ completely changed the face of the United States in the 25 years following World War II. 5. Each of the following took place in the 1930s except 6. Writer Thomas Friedman asserts that "America is the greatest engine of innovation that has ever existed and it can't be duplicated anytime soon, because" 7. Which of the following would NOT be an opportunity cost of fighting the war in Iraq? 8. The opportunity cost of the war in Iraq would be 9. Which of the following is the most accurate statement? 10. Unemployment means 11. Which of these is NOT an example of opportunity cost? 12. When the Times Mirror Company purchased the right to discharge 150 tons of hydrocarbons annually from other polluters, this was an example of 13. When the government determines the permissible level of pollution and issues permits to each polluting firm, this is a form of 14. Lowering the level of pollution to very close to zero would 15. The so-called "bridge to nowhere" in Alaska is an example of 16. Statement I: Most economists believe price ceilings do more harm than good.Statement II: In the long run, higher gas prices encourage greater exploration for oil and encourage the development of alternative energy sources. 17. Statement I: In 1973 and 1979 the United States dealt with a decrease in the supply of oil by letting the market solve the problem.Statement II: In 2005 the government avoided the problems of long gas lines by allowing the price of gasoline to rise. 18. The price of gasoline was much higher in 2005 than in 2003 because 19. Which of the following could have caused the price of gasoline to reach nearly $6 per gallon in some parts of the South on Labor Day weekend, 2005? 20. Statement I: Interest rates would fall if the demand for loanable funds rises.Statement II: Interest rates would rise if the supply of loanable funds decreased. 21. The increase in two wage earning families in the U.S. has resulted in a substantial increase in the percentage of disposable income spent on 22. Housing cost has increased about _______ percent since 1970 due to the active market for real estate in desirable neighborhoods near good schools. 23. As a nation's income falls, induced consumption _________________. 24. Conspicuous consumption 25. Which of the following would most likely cause Consumption to decrease? 26. By making a partnership a limited partnership, the partners have the following advantage of a corporation form of business 27. Suppose you own $50,000 worth of personal property, $1,000 in government bonds, $500 in a savings account, and $20,000 of Walmart common stock. If Walmart goes bankrupt, the most you could lose is 28. All of .