Countries with more economic freedom during 1980-2009 tended to do which of the following?
What will be an ideal response?
Achieve both more rapid growth and higher income levels than those that were less free.
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Assume that you have won a prize of $10,000. Make a list of how you would spend and save the money, from most important to least important.
What will be an ideal response?
An activity performed by commercial banks that is not performed by insurance companies is
A) functioning as financial intermediaries. B) creating financial obligations against themselves. C) accepting deposits and offering checking accounts. D) allocating financial resources between borrowers and lenders.
The 3 key economic questions include all of the following EXCEPT:
A. "What products do we produce?" B. "How do we produce these products?" C. "Where should these products be produced?" D. "Who consumes the products?"
If the stock market booms, investment will rise.
Answer the following statement true (T) or false (F)