The Confederacy's primary mechanism for generating revenue during the Civil War was to:
a. Raise taxes.
b. Increase trade and gain more money from exports.
c. Borrow more money.
d. Print more money.
d. Print more money.
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Which of the following factors does NOT shift the demand curve for money?
A) changes in the interest rate B) changes in real GDP C) changes in the price level in the economy D) changes in real income
Neoclassical economists believe that government policy should focus on creating a market-oriented environment that rewards________________.
a. importing b. exporting c. innovation d. production
Which of the following is not one of the four broad categories of resources?
A) labor B) money C) capital D) entrepreneurship E) land
Markets fail to maximize total surplus when:
A. society's choices impose costs or benefits on other societies. B. individual choices impose costs or benefits on others. C. when all costs and benefits are received by participants in transactions. D. producer surplus is not exactly equal to consumer surplus.