In a market system, intermediaries in the exchange process are known as
A. socialists
B. free agents.
C. producers.
D. middlemen.
Answer: D
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Oil found underground in Texas is an example of:
a. labor. b. land or a natural resource. c. an entrepreneur. d. human capital. e. capital resource.
A business produced $10 million of goods in 2007 but sold only $9 million. Is the $1 million increase in inventory counted as part of the 2007 gross domestic product?
What will be an ideal response?
If Ebenezer Scrooge spends rather than saves his vast wealth, he will
A) slow economic growth because he is reducing the amount of funds available for investment. B) slow economic growth because he is increasing the amount of funds available for investment. C) promote economic growth because he is increasing the amount of funds available for investment. D) promote economic growth because he is decreasing the amount of funds available for investment.
The current account section in a nation's balance of payments includes:
A. its goods exports and imports, and its services exports and imports. B. foreign purchases of domestic assets. C. purchases of foreign assets. D. all of these.