A "capitalist" is someone who:
A. owns stock.
B. opens a retirement account.
C. holds a treasury bond.
D. All of these statements are true.
Answer: D
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In a public goods context, it is difficult to measure its impact on real income because
A. public goods are generally free to the public. B. they make up a small percentage of total GDP. C. people do not reveal how they value public goods. D. inflation decreases the value of the good.
Since 1960, total federal outlays as a share of GDP was the highest in 2008–2009
a. True b. False Indicate whether the statement is true or false
The bond dealer's spread is:
A. the difference between the current yield and the yield to maturity. B. the asking price less the bid price. C. the bid price less the asking price. D. usually negative; the dealer makes a profit holding the bonds.
Which of the following is most likely to be an inferior good?
A. Fur coats. B. Ocean cruises. C. Used clothing. D. Steak.