The consumption function has a positive slope
a. True
b. False
Indicate whether the statement is true or false
True
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The legislation passed in 2010 that was intended to reform regulation of the financial system was the
A) Glass-Steagall Act. B) Wall Street Reform and Consumer Protection Act. C) Sarbanes-Oxley Act. D) Federal National Mortgage Act.
Assume the North Island of New Zealand can produce 2,000 fishing poles or 20 kayaks per day and the South Island can produce 1,000 fishing poles or 5 kayaks per day. The South Island has a comparative advantage in producing kayaks
a. True b. False
In general, the IMF provides developing countries with:
A. loans and lets these countries decide how the loans will be used. B. technical advice but does not provide them with loans. C. loans, but only if the government adopts certain policies specified by the IMF in return. D. neither loans nor technical advice.
The whole class of goods that will be underproduced or not produced at all in a completely unregulated market economy are referred to as
A. free goods. B. Pareto goods. C. public goods. D. private goods.