The "underground economy" refers to
A) the formal sector of the economy in developing countries.
B) the production of goods and services used by the government for covert spy operations.
C) the sector of the economy that earns profits that are higher than average.
D) the buying and selling of goods that is concealed from the government.
D
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A fully amortized loan is another name for
A) a simple loan. B) a fixed-payment loan. C) a commercial loan. D) an unsecured loan.
Governments promote long-run inflation when they depend on ________ to finance their expenditures
A) issuing bonds B) taxation C) raising the national debt D) money creation E) selling off assets
If Libby can produce 20 gallons of beer or 5 gallons of wine per hour, her opportunity cost of one gallon of beer is 4 gallons of wine.
Answer the following statement true (T) or false (F)
Refer to the figure below. Suppose the solid line represents the current supply of Star Wars action figures. If the price of the plastic used to make action figures rises, current supply will: 
A. not change; only the quantity supplied will change. B. shift to S(A). C. shift to S(B). D. not change because a change in the price of plastic will not affect the demand for action figures.