What allocation method is the primary method used in the United States?
What will be an ideal response?
While all the different allocation methods—first-come, first-serve, majority rule, contest, force, and so forth—are used in various instances, the primary method used in the United States is allocation using market prices. In the United States, for most goods and services, if someone is willing and able to pay the market price for a good or service, the person can acquire the good or service.
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A simple deposit multiplier equal to two implies a required reserve ratio equal to
A) 100 percent. B) 50 percent. C) 25 percent. D) 0 percent.
The supply curve reflects the:
a. inverse relationship between price and quantity offered. b. positive relationship between demand and supply. c. negative relationship between price and quantity bought. d. positive relationship between price and quantity bought. e. positive relationship between price and quantity offered.
When net exports are negative,
a. exports are greater than investment b. depreciation is greater than net investment c. imports are greater than investment d. exports are greater than imports e. imports are greater than exports
Since the 1960s, SAT scores have been
A. falling. B. rising. C. stayed the same. D. none of these answer options are correct.