Which of the following does not contribute to an institutional structure that promotes economic growth?
A. A pro-business environment.
B. Well-defined property rights.
C. Entrepreneurial incentives.
D. Policy uncertainty.
Answer: D
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Greg and Todd form a partnership and start a business in which each has a 50 percent share of the profit. After a year, the firm goes bankrupt and has debts of $20,000. Greg has no money, but Todd has $25,000 in the bank
Todd must pay ________ of debt. A) $0 because in a partnership each partner must pay the same B) $0 because partners in a partnership have limited liability C) half, or $10,000 D) $20,000
According to the theory of money, what is the most compelling evidence to use against those researchers or historians who believe that England was responsible for creating a shortage of money in colonial America?
(a) Colonial growth in commerce and trade proceeded. (b) The colonists paid moderate rates of interest. (c) Investment in colonial America occurred. (d) Prices increased, rather than decreasing.
Based on the graph showing how the subprime share of home mortgages grew rapidly before the big decline, what can be determined by looking at the two years before and the two years after the period when subprime mortgages’ share of the market reached its peak?
a. The share of subprime mortgages remained near the peak the entire period.
b. The share of subprime mortgages fell at the same pace that it rose.
c. The share of subprime mortgages rose faster than it fell.
d. The share of subprime mortgages fell faster than it rose.
Budget deficits are inflationary when
A. the Federal Reserve contracts the money supply. B. the economy has lots of slack and the aggregate supply curve is horizontal. C. the economy is at full employment and the aggregate supply curve is vertical. D. private citizens buy the bonds to finance the debt.