Which of the following is a characteristic of capitalism?
a. Government ownership of all capital.
b. Government decision-making is preferred to decentralized decision-making.
c. Market determination of prices and quantity.
d. Equality of income.
c
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Gerrymandering involves busing students to achieve integration
Indicate whether the statement is true or false
If the real interest rate in the domestic loanable funds market increases,
a. firms will have an added incentive to undertake investment projects. b. households will save less. c. the net inflow of foreign capital will tend to increase. d. it will be cheaper to purchase goods and services now rather than in the future.
According to Professors Cowen and Tabarrok, the most efficient gift is:
A. charitable donations made in someone's name. B. cash. C. paternalistic gifts like mittens. D. books on economics.
Stagflation refers to a situation in which the economy is experiencing:
A. high economic growth and high inflation. B. low economic growth and high inflation. C. high economic growth and low inflation. D. low economic growth and low inflation.