When local police and fire departments buy new cars for their operations, these are counted as part of ________.
A. net exports
B. government purchases
C. consumption
D. investment
Answer: B
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Refer to Figure 2-4. A movement from ________ could occur because of an influx of immigrant labor
A) W to X B) X to Y C) X to W D) W to V
An inflation rate of 5% between 2015 and 2016 would be implied by a change in the GDP deflator from ________ in 2015 to ________ in 2016
A) 105; 115 B) 400; 420 C) 200; 205 D) 375; 390
Explain the importance of self-interest in the operation of a market system
Please provide the best answer for the statement.
Banks lost money during the mortgage default crisis because:
A. of defaulted loans to investors in mortgage-backed securities. B. they held mortgage-backed securities they had purchased from investment firms. C. homebuyers defaulted on mortgages held by the banks. D. of all of these reasons.