Human capital deepening is typically the most important contributor to U.S. economic growth
a. True
b. False
Indicate whether the statement is true or false
False
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When private property rights in a country are not secure, people cannot use their property as collateral for loans
a. True b. False Indicate whether the statement is true or false
If a poor family has three children in public school and a rich family has two children in private school, the ability-to-pay principle would suggest that
a. the poor family should pay more in taxes to pay for public education than the rich family. b. the rich family should pay more in taxes to pay for public education than the poor family. c. the benefits of private school exceed those of public school. d. public schools should be financed by property taxes.
Give an example that shows how price level can shift the money demand curve and another that shows how RGDP can shift this curve.
What will be an ideal response?
When quantity demanded is greater than quantity supplied,
A. there is a surplus. B. price will fall until it gets back to equilibrium. C. quantity supplied will rise and quantity demanded will fall. D. quantity supplied will fall and quantity demanded will rise.