In theory, ___________ advocates the abolition of private property.
A. Capitalism
B. Communism
C. Socialism
D. Fascism
B. Communism
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The main policy-making organ of the Federal Reserve System is the
A) Board of Governors. B) Federal Reserve Bank presidents. C) Federal Open Market Committee. D) Joint Congressional Committee on Monetary Policy.
Using an equation, explain why governments prefer to avoid excessive current account surpluses?
What will be an ideal response?
Which statement is false?
A. The primary labor market includes jobs in the skilled crafts, management, and the professions. B. The dual labor market consists of the primary market and the secondary market. C. The dual labor market theory doesn't account for the huge middle level of occupations—nursing, teaching, social work, and non-college-graduate positions in insurance, banking, and retailing. D. None of the statements are false.
The purchasing power of money increases as the:
A. demand increases. B. unemployment decreases. C. price level falls. D. production increases.