Economic systems differ according to what two main characteristics?
A. Ownership of resources and methods of coordinating economic activity.
B. The system of government and the quantity of natural resources available.
C. Quantity of output produced and who receives the output.
D. Who produces the output and what technology is used to produce it.
Answer: A
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Real income is redistributed from ________ in the case of ________ inflation
A) creditors to debtors, anticipated B) creditors to debtors, unanticipated C) debtors to creditors, anticipated D) debtors to creditors, unanticipated
Stagflation refers to a situation in which the economy is experiencing:
A. high economic growth and high inflation. B. low economic growth and high inflation. C. high economic growth and low inflation. D. low economic growth and low inflation.
Which of the following is NOT among Katharine McCormick's accomplishments?
A. She was the second woman ever to graduate from MIT. B. She invented an oral form of birth control. C. She helped to pass the 19th Amendment. D. She helped to promote female education.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, an increase in unemployment may be represented by the movement from
A. B to A. B. A to C. C. C to D. D. B to D.