Laissez faire is a policy that espouses central planning
a. True
b. False
Indicate whether the statement is true or false
False
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If the exchange rate changes from $2.00 = 1 euro to $1.98 = 1 euro then
A) the dollar has appreciated. B) the euro has appreciated. C) the euro has stayed constant in value. D) the dollar has depreciated.
The federal goal of making land widely accessible, especially in the last half of the 19th century,
a. was largely realized without fraud or favoritism. b. was implemented despite a process that favored special interests. c. was often subverted by fraud. d. None of the above is correct. e. Only b and c are correct.
All of these are characteristics of a competitive industry, except:
a. Many substitutes b. No barriers to entry c. Homogenous product d. Little or no information on rivals' products
Which of the following is not a potential problem associated with government debt?
a. redistribution of income b. promotes underconsumption c. creates inflation d. promotes undersaving e. leads to less private investment