The 19th Amendment:
A. establishes the right to bear arms.
B. guaranteed women the right to vote.
C. outlawed slavery.
D. made sales of alcohol illegal.
Answer: B. guaranteed women the right to vote.
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Suppose we have an economy in which G = 1100, t = 0.26, Y = 3800, and YN = 4000. At Y, the actual deficit is
A) 60. B) 200. C) 112. D) 286. E) -60.
One possible solution to improve performance of regulated firms is which of the following?
a. Allow the firm to set its own rate of return. b. Allow higher rates of return to cover higher cost of better performance. c. Allow a higher rate of return for better performance. d. Set lower prices when efficiency improves.
When cash or coins are deposited in a transactions account at a bank, the size of M1 changes.
Answer the following statement true (T) or false (F)
The market system's answer to the fundamental question "Who will get the goods and services?" is essentially:
A. "Those willing and able to pay for them." B. "Those who physically produced them." C. "Those who most need them." D. "Those who get utility from them."