Countries with more economic freedom during 1980-2009 tended to do which of the following?
What will be an ideal response?
Achieve both more rapid growth and higher income levels than those that were less free.
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Refer to Figure 9.8. Under free trade in sugar, domestic producer surplus will be
A) $100. B) $175. C) $10,000. D) $25,000. E) $30,625.
One of the principal defects of using a commodity as money is that its worth as a:
A. commodity may exceed its worth as money, causing it to cease functioning as a medium of exchange. B. medium of exchange may exceed its worth as a store of value, causing it to cease being useful as money. C. medium of exchange may exceed its worth as a standard of account, causing it to cease being useful as money. D. unit of account may exceed its worth as a store of value, causing it to cease being useful as money.
An increase in interest rates results in a(n) ________ in the required rate of return to hold stocks and ________ current stock prices.
A. decrease; raises B. decrease; reduces C. increase; reduces D. increase; raises
Use the above table. The MPC is
A) 0.09. B) 0.20. C) 0.80. D) 0.91.