If Lisa Beth needs special film for her expensive new camera, then for her these two goods are
a. substitute
b. complementary
c. unit elastic
d. elastic
e. inelastic
B
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A person who is willing to bear more risk will buy
A) common stock. B) preferred stock. C) bonds. D) government bonds.
Clarence is a Japanese citizen working for Toyota at the manufacturing plant located in Tennessee. Clarence's work will contribute toward:
A. U.S. GDP since the location of the plant is in the U.S. B. Japan's GDP since he's a Japanese citizen. C. Japan's GDP since it's a Japanese firm. D. both the U.S. and Japan's GDP.
The congressional act passed in 1946 that contained the first official statement of goals for economic performance in the United States was the
A) Federal Reserve Act. B) Gramm-Rudman Act. C) Employment Act. D) Humphrey-Hawkins Act.
National income includes all of the following EXCEPT
A. corporate profits. B. net interest. C. proprietors' income. D. depreciation.