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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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
If the consumption of a good decreases the quantity available for another person, the good is
A) rival. B) excludable. C) pure. D) free.
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.