Income inequalities are greatest in
A. Countries with many factors of production.
B. Rich countries.
C. Poor countries.
D. Highly developed countries.
Answer: C
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The tax imposed on gasoline
a. is an example of a product charge b. has no effect on consumption c. is used exclusively in the United States d. is set at a relatively high rate in the United States
Which of the following is NOT an economic benefit of depository institutions?
A) They borrow long and lend short. B) They create liquidity. C) They pool risk. D) They reduce the cost of monitoring borrowers.
According to the quantity theory of money, if an economy produces 5,000 units of output, its money supply equals $40,000 . and the velocity of money equals one, then the price level will equal
a. $0.13 b. $1.25 c. $8 d. $200 e. $8,000
A _____ does not engage in international trade in goods and services and it does not engage in international borrowing and lending
Fill in the blank(s) with correct word