The form of economic organization in which productive resources are privately owned by individuals, and those individuals independently decide what to produce is called
A) communism.
B) capitalism.
C) socialism.
D) utilitarianism.
B
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Ignoring any supply-side effects, how does the magnitude of the government expenditure multiplier compare to the magnitude of the tax multiplier? Explain your answer
What will be an ideal response?
When economists say the supply of a product has decreased, they mean that
a. the supply curve has shifted to the left. b. the product price has decreased, and as a consequence, suppliers are producing less of the product. c. producers are now willing to sell more of this product at each possible price. d. the supply curve has shifted to the right.
If the dollar were to increase relative to the currencies of our major trading partners, our trade deficit would tend to ______________.
Fill in the blank(s) with the appropriate word(s).
Which of the following assets is the most liquid in the United States?
A. U.S. currency B. U.S. Treasury bonds C. Alphabet stock shares D. an antique car