________________ said, "Property is theft!"
Fill in the blank(s) with the appropriate word(s).
Pierre-Joseph Proudhon
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If real GDP per capita doubles between 2005 and 2020, what is the average annual growth rate of real GDP per capita?
A) 4.7% B) 10.5% C) 15% D) 21%
The deregulation of thrift institutions in the 1970s and 1980s have made their deposits and thus their ability to finance mortgages ________ sensitive to movements in the market interest rate, thus ________ the monetary policy multiplier
A) more, raising B) more, lowering C) less, raising D) less, lowering
Which of the following explains why managers of government agencies have little incentive to achieve operational efficiency?
a. Public-sector managers need not fear bankruptcy when operational efficiency is not achieved. b. Public-sector managers seldom receive personal benefits if they find ways to improve the efficiency of their operations. c. Public-sector agencies typically do not face competition. d. All of the above explain why government agencies have little incentive to be efficient.
International trade:
A. Raises the prices that consumers pay. B. Reduces competition. C. Makes a country weak. D. Increases consumption possibilities.