Which of the following is NOT considered to be an economic resource?
A) an engineer
B) a company truck
C) a local gas station
D) a view of the moon on a clear night
Answer: D
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Tax cuts aimed at businesses can stimulate
A) social spending. B) net exports. C) private consumption. D) investment spending.
Which of the following is NOT a contributing factor into why the HPAE were able to rapidly accumulate physical and human capital?
A) A stable macroeconomic environment meant low inflation B) Loans from multilateral institutions such as the IMF, the World Bank, and regional development banks C) The demographic transition meant that the proportion of their population working was higher. D) A rapid rise in income made greater amounts of savings possible.
Futures contract prices are established
A) through an auction process in the "pit" on the exchange floor. B) through brokers. C) through an over-the-counter network of futures dealers. D) through specialists on the stock and bond exchanges.
The consumer's lifetime budget constraint states that
A) the present value of lifetime consumption must be equal to the present value of lifetime gross income. B) the present value of lifetime consumption must be equal to the present value of lifetime disposable income. C) the present value of lifetime consumption plus the present value of lifetime taxes to be paid must be equal to the present value of lifetime income. D) the present value of lifetime taxes to be paid by the consumer must be equal to the present value of government spending.