Goods are distributed among people by means of
A. a central authority.
B. prices.
C. markets.
D. All of these are correct.
Answer: D
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Answer the next question on the basis of the information in the following table. In the table, investment is in billions.(1) Interest Rate(2) Investment (billions of dollars)(3) Investment (billions of dollars)4%$100$8059070680607705086040Suppose the Fed reduces the interest rate from 6% to 4%. As a result of this decrease in the interest rate, using column (2) investment will ________.
A. decrease by $10 billion B. decrease by $20 billion C. increase by $20 billion D. increase by $10 billion
The table above gives some of the entries in the national income and product accounts. The government sector has a ________, and the private sector has a ________
A) surplus of $50 billion; surplus of $25 billion B) deficit of $50 billion; surplus of $25 billion C) surplus of $50 billion; deficit of $25 billion D) deficit of $50 billion; deficit of $25 billion
The demand for French Roast coffee is likely to be
A. elastic. B. inelastic. C. unit elastic. D. perfectly inelastic.
Applying the idea of time inconsistency, we can say that, in general, a person's "future-oriented self":
A. has the same objectives as the person’s present-oriented self, but articulates them differently. B. tends to choose healthier options, whereas the present-oriented self gives into temptation more easily. C. is less rational in decision-making, because that self rarely matches actual behavior. D. is more rational in decision-making, because its choices are generally healthier or more altruistic.