The United States ran a trade deficit in 40 of the 45 years in which period?
a. 1800–1845
b. 1831–1875
c. 1845–1899
d. 1856–1900
b. 1831–1875
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An individual deposits $12,000 in a commercial bank. The bank is required to hold 10% of all deposits on reserve. The deposit increases the loan capacity of the bank by
A. $9,600. B. $6,000. C. $10,800. D. $11,000.
What determines potential GDP?
What will be an ideal response?
Annual budgeting of production goals of a division within a firm
a. is an accounting mechanism to plan for the costs and revenues over a time period b. increase the burden on the division when goals rise c. can lead to accumulated inventory when the goals of an upstream division are arbitrarily set too high d. all of the above
Over the 1980s and 1990s, countries with sound fiscal, monetary, and trade policies and strong rule of law combined with large amounts of aid:
A. still failed to grow, indicating new methods for furthering development are needed. B. grew at 1 percent, indicating the necessity of good policy in conjunction with aid. C. saw GDP shrink by 1 percent, indicating corruption and inefficient use of funds is rampant. D. None of these statements is true.