A closed economy
a. does not trade with other economies.
b. is centrally-planned.
c. does not allow financial intermediation.
d. All of the above are correct.
a
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The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 did not prohibit companies issuing securities from paying the credit-rating agencies to rate them. This is an example of which remedy of conflicts of interest?
A) regulate for transparency B) supervisory oversight C) leave it to the market D) socialization of information production
With respect to factors of production, which of the following statements is not true?
A. Factors of production are also known as resources. B. Only those resources that are privately owned are counted as factors of production. C. In order to produce any good or service, it is necessary to have factors of production. D. Factors of production include land, labor, capital, and entrepreneurship.
The cost to a manager of doing a poor job running the firm is:
A. a decrease in his fixed salary. B. a decrease in the sales of the firm. C. an increase in the likelihood of being replaced. D. a decrease in the profit of the firm.
Changes in leading indicators signal
A. the changes in the frictional and seasonal unemployment rate. B. the changes in the frictional unemployment rate and the changes in the inflation rate. C. the changes in the market basket. D. the changes that will occur in the economy.