To prevent bank runs and the consequent bank failures, the United States established the ________ in 1934 to provide deposit insurance
A) FDIC
B) SEC
C) Federal Reserve
D) ATM
A
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In the table above, Jill's opportunity cost for 1 pound of food is ________ and her opportunity cost for 1 pound of clothing is ________
A) 1 pound of clothing; 4 pounds of food B) 1/2 of a pound of clothing; 2 pounds of food C) 1/3 of a pound of clothing; 3 pounds of food D) 2 pounds of clothing; 2 pounds of food E) 1 pound of food; 1 pound of clothing
According to the classical approach, if planned savings increases,
a. the rate of interest will rise. b. the rate of interest will fall. c. planned investment will fall. d. planned consumption will increase.
Bananas, chocolate bars, chewing gum, orange juice and yogurt are considered to be ________ goods.
A. durable B. nondurable C. essential D. service
In the OECD countries, there is a negative relationship between output per capita in 1950 and
A) growth since 1950. B) output per capita in the 1990s. C) distance from the equator. D) population. E) none of the above