It is possible for a country without a lot of domestic natural resources to have a high standard of living
a. True
b. False
Indicate whether the statement is true or false
True
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The Fed changes the reserve requirement sparingly because:
A. very small changes cause very large overall changes to money supply due to the money multiplier. B. it would cause uncertainty for banks and slow their rate of lending. C. sudden changes of such a huge magnitude would have far-reaching, and sometimes undesirable, effects. D. All of these are true.
The market price is the typical price at which a good or service sells.
Answer the following statement true (T) or false (F)
In 2009, the United States gross saving rate was about _______ percent of the United States gross national income.
A. less the zero B. about twenty C. about five D. just over ten
_____ is the exchange of political support on one issue for political support on another issue
a. Logrolling b. Market exchange c. Agenda control d. Rent seeking