Which of the following would cause the money supply in the United States to decrease?
a. An increase in reserve requirements
b. A decrease in the discount rate
c. A purchase of U.S. government bonds by the Federal Reserve
d. An increase in the world supply of gold
a
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Imputed rental income ____
a. is payment made by rental owners to facility management companies b. provides no value to the recipient c. is the dollar amount of the rental value of an owner-occupied home d. is the dollar amount of the rental value of a renter-occupied home
Which of the following is least likely to be included in a definition of basic human needs?
a. A minimal level of clothing b. A minimal level of health care c. A minimal level of savings d. A minimal level of shelter e. A minimal level of calorie intake
Which of the following factors will make the demand for a product relatively elastic?
A. There are few substitutes B. The time interval considered is long C. The good is considered a necessity D. Purchases of the good require a small portion of consumers' budgets
As productive capital goods are established in developing nations
A) developed nations will become less prosperous. B) these countries will experience higher rates of economic growth. C) portfolio investment will be replaced by loans from international aid agencies. D) they will be less likely to engage in international trade.