The fastest growing economy between 1870 and 1979 was
a. the United Kingdom.
b. the United States.
c. Japan.
d. Brazil.
c
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How does the liquidity premium theory explain an upward sloping yield curve during normal economic times?
What will be an ideal response?
The Industrial Revolution was centered in Great Britain, and the British
(a) tried to achieve a technological monopoly. (b) were willing to freely share industrial technology with their colonies but no other nations. (c) believed in free trade and the sale and export of technology to any nation that wanted to pay for it. (d) were willing to share their technology with other nations but not their colonies because they wished the colonies to specialize in the production of agriculture and raw materials for export to England.
Safe drivers buying "accident forgiveness" insurance tend to
a. Become even safer drivers b. Engage in more risky driving c. Engage in less risky driving d. Not change their driving patterns
When the money market is drawn with the value of money on the vertical axis, the money demand curve slopes
a. upward, because at higher prices people want to hold more money. b. downward, because at higher prices people want to hold more money. c. downward, because at higher price people want to hold less money. d. upward, because at higher prices people want to hold less money.