Central banks can use monetary policy to
What will be an ideal response?
reduce interest rates.
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Why does scarcity lead to the what, how, and for whom questions?
What will be an ideal response?
Research by Fogel and Engerman shows that, holding other factors constant, output per unit of total input was highest for Southern farms with:
a. no slaves. b. 1 to 15 slaves. c. 16 to 50 slaves. d. 50 or more slaves.
According to the U.S. Bureau of Economic Analysis, by the third quarter of 2014, foreign investors had accumulated ________ of U.S. assets.
a. $30.8 billion b. $30.8 trillion c. $24.6 trillion d. $2.46 trillion
One of the key factors that determine an economy’s real GDP is labor productivity, which is a measure of
A. output per hour of work. B. labor force per hour. C. input per hour worked. D. total hours worked.