In the United States, the central bank is the:
A. Federal Reserve.
B. Congressional Budgeting Office.
C. Treasury.
D. National Bank of the United States.
A. Federal Reserve.
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A good is non-rival in consumption if ________
A) one person's use of the good does not preclude consumption by others B) the government can regulate its production C) people cannot be prevented from using it D) the demand for the good increases with an increase in the consumer's income
In a partnership, the owners of the business and the business are ________, and in a sole proprietorship, the owner of the business and the business are ________
A) not separate legal entities; also not separate legal entities B) separate legal entities; also separate legal entities C) not separate legal entities; separate legal entities D) separate legal entities; not separate legal entities
If a project involves risk, managers can account for the risk by ________ the discount rate, which ________ the present value of the future profits.
A) increasing; decreases B) decreasing; decreases C) increasing; increases D) decreasing; increases
According to Malthus, how do economic growth and population relate to each other?