Bureaucrats deciding what products should be sold in stores is a feature of a
a. traditional economy
b. command economy
c. market economy
d. capitalist economy
Answer: b. command economy
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What is the price of a coupon bond that has annual coupon payments of $75, a par value of $1000, a yield to maturity of 5%, and a maturity of two years?
A) $1043.08 B) $1046.49 C) $1000.00 D) $1150.00
According to 2014 data on the U.S. population, which of the following was correct for the adult population of prime working age, ages 25-54?
a. Black males had higher labor-force participation rates and lower unemployment rates compared to white males. b. Black males had both higher labor-force participation rates and higher unemployment rates compared to white males. c. Black males had both lower labor-force participation rates and lower unemployment rates compared to white males. d. Black males had lower labor-force participation rates and higher unemployment rates compared to white males.
An In The News article in the text is titled "The Misery Index." If an increase in government regulations causes the AS curve to shift to the left, the misery index will
A. Decrease. B. Remain unchanged. C. Increase, decrease, or remain unchanged, depending on circumstances. D. Increase.
Holding other factors constant, if new environmental regulations increase firms' cost of operating capital, then the real interest rate will ________ and the equilibrium quantity of national saving and investment will ________.
A. increase; decrease B. decrease; increase C. increase; increase D. decrease; decrease