Which of the following is a series of rules that stops trading on an exchange for a relatively short period of time?
A. Program trading
B. Market limits
C. Stop orders
D. Circuit breakers
Answer: D
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Which of the following statements is not true?
A. Taxes often create inefficiency but can increase equity. B. Tax policy is often a balance between equity and efficiency. C. Some taxes lead to greater efficiency. D. Taxes are about efficiency not equity.
The velocity of money is:
A. how many times the average dollar gets spent per year. B. the number of transactions in which a typical dollar is used during a year. C. how many times on average the typical dollar changes hands in an exchange during the year. D. All of these statements are true.
About one out of every _________ Hispanics is poor.
Fill in the blank(s) with the appropriate word(s).
Which three macroeconomic variables together best describe the health of the economy?
A. Output, GDP, and inflation B. GDP, unemployment, and employment C. Output, prices, and employment D. Output, inflation, and prices