The top ten causes of death in the United States in 2014 included all of the following but:
a. diabetes.
b. heart disease.
c. cancer.
d. AIDS.
e. suicide.
d. AIDS.
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The classical economists attacked the mercantilist propositions that
a. state action was necessary to direct the capitalist system. b. money had no intrinsic value. c. output was completely supply-determined. d. the wealth of a nation was closely linked to the country's stock of precious metals. e. Both a and d
Bonds and stocks act as complementary goods such that a rise in the price of one raises the demand for the other
a. True b. False Indicate whether the statement is true or false
Bank regulation exists because public authorities are convinced that
a. the balance between public interest and safety does not affect profitability, and should be removed from the hands of managers. b. the balance between bank profitability and public interest cannot be handled with legislation, but can be handled with regulation. c. the balance between bank profitability and safety cannot be left to profit-maximizing managers. d. the balance between bank safety and public interest can best be obtained by reliance on the market.
A required element for specialization to lead to an increase in the satisfaction of society's wants is:
A. A capitalist economy B. Exchange and trade C. The use of money D. A central plan