With globalization, the world is moving from hundreds of national economies toward one large world economy
Indicate whether the statement is true or false
True
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George is offered an investment option by his friend. He asks George for $6,900 and offers to repay him $12,990 after a period of ten years
George considers investing his money in his friend's project; however, the bank in his community offers an annual rate of interest of 9% on every deposit. Which do you think is the better investment option for George?
The prisoners' dilemma describes a single-play game that features
A) an outcome in which the participants collude. B) a large number of rivals cooperating with each other. C) a situation in which one player has better odds than the other. D) two players who are unable to communicate with each other.
Which of the following is a reason why we should consider the federal national debt a problem?
A) If the debt was incurred to finance research and development, crowding out will occur. B) If the debt drives up interest rates, crowding out will occur. C) The federal government is in danger of defaulting on its debt. D) If the debt was incurred to finance improvements in infrastructure, crowding out will occur.
Since 1950
A) the average length of expansions in the United States have become longer as compared to before 1950. B) the average length of expansions in the United States are about the same length as compared to before 1950. C) the average length of expansions in the United States have become shorter as compared to before 1950. D) economic expansions in the United States have been so short that expansions barely exist.