Which of the following is most likely to encourage economic growth?
a. stable private property rights
b. an extensive welfare system
c. frequent military take-overs of the government
d. a shrinking labor force
e. a fixed capital stock
a. stable private property rights
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Aggregate expenditure will not equal GDP unless
a. next exports are zero. b. transfer payments are zero. c. inventory investment is positive. d. inventory investment is zero. e. inventory investment is negative.
The many goods and services that are sold below the radar, outside of official records take place in the:
A. illegal economy. B. soft market. C. underground economy. D. None of these statements is true.
If a negative externality exists in the market for dirt bikes and that market is perfectly competitive:
A. less than the efficient output of dirt bikes will be produced. B. the price of dirt bikes equals the marginal social cost. C. the price of dirt bikes is less than the marginal social cost. D. the price of dirt bikes exceeds the marginal social cost.
A multinational organization that aims to promote world economic growth through more financial stability is the
A) World Bank. B) International Monetary Fund. C) Federal Reserve System. D) International World Fund.