The relatively low inflation experienced in the United States in the 1990s is attributable to
a. slow growth of U.S. productivity during the 1990s.
b. slow growth of the quantity of money in the U.S. in the 1990s.
c. low levels of government spending in the U.S. in the 1980s and 1990s.
d. the eight-year presidency of William Jefferson Clinton during the 1990s.
b
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Insurance companies create wealth by
a. reducing the amount of risk that the risk averse must bear b. reducing the amount of risk that risk lovers must bear c. increasing the amount of risk that the risk averse must bear d. increasing the amount of risk that risk lovers must bear
The buying of a currency by a government to maintain its value above its long-run equilibrium is called currency:
A. management. B. stabilization. C. support. D. ceiling.
The marginal cost curve intersects the average total cost curve at its minimum point.
Answer the following statement true (T) or false (F)
Which of the following is most limited in scope under a pure market economy? a. Freedom of choice
b. Consumer sovereignty. c. Entrepreneurship. d. Government.