If women are not allowed to vote or inherit wealth but men are, this is an example of
A. A gender trap.
B. An inequality trap.
C. The liquidity trap.
D. The disadvantaged trap.
Answer: B
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The function of money as a store of value diminishes if
A) money is no longer backed by gold. B) prices of goods and services increase. C) people begin to barter. D) interest rates increase.
If the consumption of a good decreases the quantity available for another person, the good is
A) rival. B) excludable. C) pure. D) free.
What led to the over-extension of credit by some private banks and central banks in the euro zone prior to the 2009 euro crisis?
What will be an ideal response?
A change in the average price level is called ________, while a change in the price of a specific good in comparison with other goods and services is called ________.
A. inflation; a change in a relative price B. a change in a relative price; inflation C. a price level adjustment; a quality adjustment D. a quality adjustment; a substitution bias