Which of the following statements is true?
A) Geography and culture of a nation are under human control, while institutions of a nation are outside of human control.
B) Geography refers to man-made factors, and in particular to the organization of society determined by the members of that society.
C) Geography of a nation is not always under human control, while institutions of a nation are man-made.
D) Most of the geography of a nation can be changed over time.
C
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The relationship between real GDP and potential GDP is that
A) real GDP always equals potential GDP. B) real GDP never equals potential GDP. C) real GDP fluctuates about potential GDP. D) real GDP is always below potential GDP.
Which of the following would increase gross private domestic investment in an economy?
A) an increase in the level of Apple's inventory B) an increase in the shares of Apple stock households own C) an increase in the number of workers Apple hires D) an increase in the number of highway construction projects the government is funding
According to estimates of the Taylor rule, monetary policy was too tight
A) from 1960 to 1965. B) from 1965 to 1979. C) in the 1980s. D) in the 1990s.
Which statement is the most accurate?
A. Usury laws may hurt the very people they are intended to help by creating a shortage of loanable funds. B. Usury laws, which were enacted in biblical times, were abolished by the Middle Ages. C. Usury laws are opposed by most borrowers. D. Usury laws help enforce the law of supply and demand.