The gold standard ended with the:
a. rise of Napoleon to power.
b. American Declaration of Independence.
c. outbreak of World War I.
d. first Arab oil embargo.
e. presidency of Richard Nixon.
c
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Refer to the above figure. Given our current level of technology and resources, the unobtainable point(s) of production would be
A) points a and c. B) point a. C) point b. D) point c.
Does it make any difference whether health-care expenditures are paid for by the consumer or by a third party (the government or an insurance company, for example)?
a. No; the quantity of health-care service demanded is not influenced by either the price of health care or who is paying for it. b. Yes; consumers of health care will have a stronger incentive to economize when they are buying the service with their own money. c. Yes; consumers of health-care services will have a stronger incentive to economize when the services are paid for by a third party. d. No; health care is an essential service, and therefore, the incentive to economize on it is unaffected by who is paying for the service.
Specialization and trade allow an economy to expand its:
A. production possibilities. B. consumption possibilities. C. technological advantage. D. absolute advantage.
A key reason that actively managed funds have lower returns than index funds with a similar level of risk is that:
A. Index funds require more buying and selling to generate their returns B. Management and trading costs reduce the returns of actively managed funds C. Index funds spend more on research and management D. Diversification is more important to actively managed funds