Land "liberals" in the 19th century
a. believed that the sale of the public domain should provide substantial government revenue.
b. voted against the Homestead Act of 1862.
c. supported the sale of the public domain in small plots.
d. were against the extension of credit to land buyers.
c. supported the sale of the public domain in small plots.
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Gross federal debt held by the public is equal to
A) total gross federal debt. B) the federal debt held by the Fed minus the federal debt held by other countries. C) the federal debt held by other countries plus the federal debt held by private investors. D) the federal debt held by the Fed plus the federal debt held by private investors.
Getting and holding a job does guarantee financial success
Indicate whether the statement is true or false
Which game does the Cournot model most resemble and why?
a. the Battle of the Sexes because firms need to coordinate their outputs. b. the Battle of the Sexes because firms disagree on which outcome is best. c. the Prisoners Dilemma because firms don't maximize joint payoffs in equilibrium. d. the Prisoners Dilemma because firms play dominant strategies.
One reason why financial intermediaries are beneficial is that
a. they can predict the pattern of the outflow of funds b. they earn a profit c. there are a variety of financial intermediaries d. they reduce the risk to depositors by spreading loans among different borrowers e. they charge high interest rates on funds they lend to depositors