In the United States the system most generally used for assigning tasks and distributing benefits
A) employs continuing bids and offers among individuals.
B) operates without the use of money prices.
C) presupposes shifting and uncertain property rights or "rules of the game."
D) takes the place of the supply-and-demand process.
E) was designed by the authors of the Federal Constitution.
A
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Which of the following would cause the demand for mathematicians to increase?
a. a decrease in the productivity of mathematicians. b. an increase in the wage of mathematicians. c. an increase in the productivity of mathematicians. d. an increase in the productivity of physicists.
In the economy of Talikastan in 2015, consumption was $6000, exports were $1000, GDP was $10,000, government purchases were $1800, and imports were $1200 . What was Talikastan's investment in 2015?
a. $0 b. $1200 c. $2400 d. $5600
GDP minus depreciation equals
A. national income. B. personal income. C. net domestic product. D. aggregate spending.
Oil prices increased significantly in 2008. According to the Keynesian model, this increase in oil prices should have caused which of the following to occur?
A. demand-push inflation B. cost-pull inflation C. demand-pull inflation D. cost-push inflation