Which of the following is NOT a government-sponsored enterprise?
A) Fannie Mae.
B) Freddie Mac.
C) Federal Home Loan Banks.
D) Ginnie Mae.
D
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Economic growth may understate changes in standards of living if
A) the growth is accompanied by increasing congestion. B) leisure time is also increasing. C) the types of jobs generated feelings of alienation. D) deflation is taking place.
GDP per capita is a relatively good measurement of:
a. the distribution of income. b. purchasing power. c. household production. d. the standard of living.
Which of the following is an example of a public good?
A. Social Security payments. B. Flood control. C. Carpooling with your friends. D. None of the choices are correct.
The substitution effect can be measured holding ________ constant
A) income B) utility C) the price of one good D) the price of all goods