In a market system, the primary instruments used to coordinate economic activity are
A. plans.
B. prices.
C. input-output analyses.
D. quantities.
Answer: B
You might also like to view...
The nominal interest rate minus the inflation rate is the
A) depreciation rate. B) real interest rate. C) discount rate. D) forward rate.
Figure36-9
?
?
In Figure 36-9, the C + I + G + (X? IM)1 line is flatter than the C + I + G + (X? IM)0 line because the
A. (X? IM)1 line indicates that net exports decline as GDP rises. B. (X? IM)1 line indicates that net exports rise as GDP rises. C. multiplier is greater for the (X? IM)1 line. D. (X? IM)1 line indicates that tariffs, quotas, and other trade barriers are keeping net exports below their full potential.
Which of the following best describes the three fundamental economic questions?
a. What time to produce, what place to produce, and how to produce. b. What to produce, when to produce, and for whom to produce. c. What to produce, when to produce, and where to produce. d. What to produce, how to produce, and for whom to produce.
Short-term bonds are generally
a. less risky than long-term bonds and so they feature higher interest rates. b. less risky than long-term bonds and so they feature lower interest rates. c. more risky than long-term bonds and so they feature higher interest rates. d. more risky than long-term bonds and so they feature lower interest rates.