There is a(n) ________ relationship between a nation's rate of growth in real GDP per capita and bureaucratic inefficiency.
A. direct
B. undefined
C. inverse
D. proportional
Answer: C
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A "change in demand" is caused only by a change in the price of the good
Indicate whether the statement is true or false
What asset is created by government, not sold on financial markets, not issued by financial intermediaries, and is held directly by savers?
A) checkable deposits B) currency C) government bonds D) mortgages
If businesses become very pessimistic and reduce spending, which of the following is the most likely in the short run?
a. An increase in output, an increase in money demand and an increase in the interest rate. b. A decrease in output, an increase in money demand and an increase in the interest rate. c. A decrease in output, a decrease in money demand and a decrease in the interest rate. d. An increase in output, a decrease in money demand and a decrease in the interest rate. e. A decrease in output, a decrease in money demand and an increase in the interest rate.
Tammy installed a set of wind chimes in her backyard. She enjoys listening to the musical tones when the breeze hits them. Her neighbor Steven also enjoys the chimes, but her other neighbor Sally hates the constant noise. Tammy's wind chimes
a. create a negative externality for Steven and a positive externality for Sally b. are not related to the issue of property rights since all parties are homeowners c. are an example of an efficient market since the benefits to one party are balanced by costs to another party d. are a public good because all three parties can hear the wind chimes e. create a positive externality for Steven and a negative externality for Sally