International influences have become relatively ________ important for the U.S. economy in recent decades, as we become a more ________ economy
A) less, "open"
B) less, "closed"
C) more, "open"
D) more, "closed"
C
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Insurance companies can reduce risk by accepting premiums from
A) many people to insure against independent events. B) few people to insure against dependent events. C) few people to insure against independent events. D) many people to insure against dependent events.
Americans fell behind Europeans on the technology front
Indicate whether the statement is true or false
Imagine that Wingate National is a new bank, and that the legal reserve requirement is 10 percent. If it accepts a $1,000 deposit, then its required reserves balance is
a. $0 b. $90 c. $100 d. $900 e. $910
Answer the following statements true (T) or false (F)
1) Strong economic growth since 1960 has allowed nations like Singapore and Ireland to surpass nations such as the United Kingdom and France in real GDP per capita. 2) Strong property rights inhibit economic growth by strictly regulating economic behavior. 3) Strong patent laws encourage innovation and promote economic growth. 4) The intense competition of free trade prevents the investment that generates economic growth. 5) A competitive market system promotes growth by providing producers with market signals on which to base investment and production decisions.