Rapid economic growth:
A. is a modern phenomenon, happening only in the last century or two.
B. has happened in various places around the world since the 1300s.
C. has occurred since 1500, but backsliding has prevented real growth.
D. is a modern phenomenon, happening only this year.
A. is a modern phenomenon, happening only in the last century or two.
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Which of the following increases the demand for a good?
A) a rise in the price of a complement B) the expectation that future income will be higher C) an increase in income, assuming the good is an inferior good D) a decrease in the number of buyers E) a fall in the price of a substitute
It is claimed that mutual funds have two advantages. The first is that mutual funds allow people with small amounts of money to diversify. The second is that mutual funds provide the skills of professional money managers who buy stocks they believe will be the most profitable and thereby increase the return that mutual fund depositors earn on their savings
a. Economists strongly agree with both claims. b. Economists are skeptical of both claims. c. Economists are skeptical of the first claim, but strongly agree with the second. d. Economists strongly agree with the first claim, but are skeptical of the second.
Which of the following statements reflect the primary change in the mortgage market that played the major role in creating the housing crises in 2007 through 2009?
A. low interest in the mid 2000's. B. adjustable rate mortgages to low income citizens with low credit scores. C. the large increase in interest rates in 2007. D. the reduction in newly constructed housing.
What are liabilities?
A) anything of value owned by a person or a business B) anything a person or a business owes to entities outside the business C) the total cost of labor for a firm D) only those unpaid expenses for which a business or person is making interest payments