When the Fed buys government securities, banks have less cash to lend, and interest rates go up, which discourages people from saving their money
Indicate whether the statement is true or false
False
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Individual level data can be illustrated by
A. the proportion of votes that a given political party receives. B. the average number of years of education of citizens in a nation. C. someone's height. D. the number of infant deaths per capita in a nation.
According to J. A. Hobson, capitalism leads to imperialism because
a. the capitalist system as a whole is dependent on military spending as well as the power of the military-industrial complex. b. the unequal distribution of wealth does not provide an adequate domestic market, thus forcing capitalists to invest their capital abroad and to compete with others to control foreign markets. c. of the drive to export surplus capital generated by the capitalist system which then becomes a competition among capitalist countries for guaranteed markets. d. private investors have received strong governmental backing since they are agents of power and prestige politics.
Which of the following statements is true of fracking?
A) It has turned the United States into the number-one oil producer in the world as of 2014. B) It greatly contributes to the release of greenhouse gases into the atmosphere. C) It is a costly process owing to high prices of oil and gas. D) It involves pumping a high-pressure mixture of iron and sulfur into oil-or gas-bearing underground rock. E) It is commonly known as gas well dewatering.
The resource curse refers to the fact that ______.
a. it takes money to extract resources, and it takes resources to get money b. the discovery of expensive resources usually leads to violence and war c. countries with few natural resources are doomed to be poor d. having non-renewable resources usually makes a country poorer