Examples of assets that are included in household wealth would be
What will be an ideal response?
stocks, bonds, and savings accounts
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What are the proximate causes of prosperity? How are they related to the fundamental causes of prosperity?
What will be an ideal response?
The Fed would be pursuing a contractionary monetary policy if it was
A) selling bonds in the open market. B) lowering the differential between the discount rate and the federal funds rate. C) selling dollars in foreign exchange markets. D) lowering the reserve requirement.
The alternative to the use of money by the members of a society is
A) barter. B) borrowing. C) division of labor. D) from each according to ability, to each according to need. E) payment by check.
Although most slaves came to the colonies before 1776, the majority of other types of labor came to North America voluntarily
Indicate whether the statement is true or false