Which of the following is not a reason why low-income countries might experience low economic growth?
A) The country has a good education system.
B) The country has a low rate of saving and investment.
C) The country has endured extended periods of war.
D) The country fails to enforce a rule of law.
A
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What will be an ideal response?
Which of the following is false?
A. Even if a corporation is not currently issuing bonds, you could still buy a bond directly from the corporation. B. Bonds that are rated AAA from Standard and Poor's have received the highest rating possible. C. A bond that is rated in the D category indicates that the bond issuer cannot pay off the bond. D. It is possible to buy a bond from someone who purchased and still holds the bond he bought from the corporation at an earlier date.
An open market purchase immediately impacts the banking system balance sheet by
a. increasing required reserves. b. increasing deposits. c. increasing the money multiplier. d. increasing excess reserves. e. none of the above.
The production possibilities frontier:
A. can show all possible combinations of goods but not tell us which combination society should choose. B. can show the best combination of goods which society should choose. C. cannot show all possible combinations of goods because society is typically inefficient. D. can show us which possible combinations of goods society should choose, but cannot tell us which points will be inefficient.