Markets do not always allocate resources efficiently, however, government always does
a. True b. False
b
Economics
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The Federal Reserve System began operations in
A) 1834. B) 1896. C) 1914. D) 1935.
Economics
Which of the following is counted in GDP?
A. The cost of the reconstruction and cleanup following September 11, 2001 B. The value of leisure time C. The value of a househusband’s work at home D. The value of your do-it-yourself work
Economics
Since people generally know that celebrities are paid to endorse products, celebrity endorsements signal to consumers that:
A. the product is likely to be popular. B. the celebrity loves the product. C. only rich people can afford the product. D. All of these
Economics
A monetarist would advocate increasing the growth rate of money during an inflation.
Answer the following statement true (T) or false (F)
Economics