Capitalism is an economic system in which there is public ownership of the means of production and resource allocation is determined through markets.
Answer the following statement true (T) or false (F)
False
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How can crime and punishment be modeled as a principal-agent problem? What does the model suggest about crime prevention?
What will be an ideal response?
The Labour Force is defined as:
(a) The total number of persons employed. (b) The total number employed minus the unemployed (those who are available and willing to work). (c) The sum of the employed and unemployed (those who are available and willing to work). (d) None of the above.
Which of the following tends to make aggregate demand shift further to the right than the amount by which government expenditures increase?
a. the crowding-out effect b. the multiplier effect c. the exchange-rate effect d. the interest-rate effect
Projecting that it might temporarily fall short of legally required reserves in the coming days, the Bank of Beano decides to borrow money from its regional Federal Reserve Bank. The interest rate on the loan is called the ________.
A. Treasury bill rate B. discount rate C. federal funds rate D. prime rate