Refer to the information provided in Figure 18.1 below to answer the question(s) that follow.
Figure 18.1Refer to Figure 18.1. The second-wealthiest fifth of families earned ________% of income in Outland.
A. 17
B. 25
C. 60
D. 95
Answer: B
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Central planning systems were used in the former Soviet Union but since this union dissolved no other nations now use this allocation process.
Answer the following statement true (T) or false (F)
Which of the following are constraints on deposit creation?
a. the decision by consumers and businesses to take money out of transactions accounts and hold it as cash b. the decision by banks to stop lending money to qualified borrowers c. the decision by consumers, businesses, and governments to stop borrowing d. all of the above
Moral hazard:
A. always happens when adverse selection is a problem. B. can happen when adverse selection is a problem. C. never happens when adverse selection is a problem. D. None of these statements is true.
When unwanted business inventories pile up, which of the following is likely to occur?
A. A lower price level. B. A higher level of output. C. A lower level of unemployment. D. No change in the level of output.