The Constitution of the United States says nothing about state economic activity.
A. True
B. False
C. Uncertain
B. False
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Household production is not measured in the GDP
Indicate whether the statement is true or false
Which of the following assets are counted in M2?
A) gold B) balances in retail mutual funds accounts C) value of outstanding bonds D) lines of credit offered by commercial banks
If the marginal propensity to save (MPS) is 0.10, the value of the spending multiplier is:
a. 1. b. 9. c. 10. d. 90.
Competition among decentralized governmental units will
A) make it more difficult for citizens to satisfy their preferences with regard to the goods and services supplied by governments. B) result in wasteful duplication and inefficiency in production of governmental services. C) strengthen the incentive of governments to operate efficiently and cater to the views of citizens. D) evolve naturally because local governments will want to compete with each other.