Which of the following might be considered to be a characteristic of a planned economy?
What will be an ideal response?
There is no incentive for people to work hard
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The value of goods produced, but unsold, in the current period is:
A. allocated to GDP in future periods when the goods are sold. B. counted in GDP as consumption spending. C. excluded from GDP. D. counted in GDP as inventory investment.
What advantage does a money economy have over a barter economy?
Please provide the best answer for the statement.
Which of the following statements is false?
A) A bank's assets are its uses of funds. B) A bank issues liabilities to acquire funds. C) The bank's assets provide the bank with income. D) Bank capital is recorded as an asset on the bank balance sheet.
Suppose that Bill Toney, a tobacco farmer near Roanoke, Virginia has assets of $50 million and liabilities of $38 million. What is the equity for this tobacco farmer?
A) $50 million B) $88 million C) $6 million D) $12 million