Fireworks on the night on July 4th are neither rival nor excludable.
Answer the following statement true (T) or false (F)
True
You might also like to view...
When the Fed increases the money supply by buying Treasury securities, it will
a. decrease short-term interest rates to a greater degree than long-term interest rates. b. decrease long-term interest rates to a greater degree than short-term interest rates. c. increase short-term interest rates to a greater degree than long-term interest rates. d. increase long-term interest rates to a greater degree than short-term interest rates.
The euro was adopted solely for economic reasons.
Answer the following statement true (T) or false (F)
Central banks in most developing countries:
A. recognize the link between money creation and inflation but often have no other means of financing government expenditures. B. recognize the link between money creation and inflation but don't care about inflation. C. do not recognize the link between money creation and inflation. D. recognize the link between money creation and inflation and exploit this link to reduce their budget deficit.
Larry's Lathe-makers Limited produces lathes, which are purchased by furniture manufacturers all over the world. The standard lathe depreciates over a twenty-five-year period. In the national income accounts, the lathes are classified as
A. intermediate goods. B. capital goods. C. raw materials. D. inventory.