Which of the following is the best example of a pure public good?
A. Education
B. A national park
C. National defense
D. Cable television
Answer: C
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A country with a high GDP per capita is classified as an industrially advanced country (IAC)
a. True b. False Indicate whether the statement is true or false
The government just approved a bill allocating twenty million dollars to hire teachers specifically to work with students in low-income neighborhoods. This action answered which basic economic question?
a. Who will get the goods and services? b. How will the goods and services be produced? c. What is the best method of production? d. What goods and services will be produced?
If the Fed wants to decrease the money supply, it can:
A. Increase the money multiplier. B. Decrease the discount rate. C. Sell government bonds. D. Decrease the minimum reserve ratio.
In March of 2014, China's official holdings of foreign exchange reserves
A. rose to $4 trillion. B. fell to $2 trillion. C. rose to almost $7 trillion. D. fell to below $1 trillion.