GDP underestimates our economic well-being:
A. because it includes the value of work done by illegal immigrants.
B. because it includes the value of work done by nannies.
C. because it ignores leisure.
D. because it includes the value of work done by householders.
Answer: C
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If Tattling Tina threatens to tell, what would Bratty Brenda's best response be?
a. Hit b. Not hit c. Run d. Hide
The President of which of the following district banks of the Fed is perpetually present on the Federal Open Market Committee?
a. The New York Fed b. The Seattle Fed c. The Boston Fed d. The Chicago Fed e. The Atlanta Fed
Federal Reserve Notes in circulation are:
A. an asset as viewed by the Federal Reserve Banks. B. a liability as viewed by the Federal Reserve Banks. C. neither an asset nor a liability as viewed by the Federal Reserve Banks. D. part of M1 but not of M2.
Several states require cosmetologists to undertake 1,500 hours or more of training in order to obtain a license to provide hair styling or braiding services. This is an example of
a. antitrust legislation. b. government action that promotes competition. c. a barrier to entry d. the legal structure that is required for the operation of price-taker markets.