In recent decades the United States has incurred overall balance of payments deficits
Indicate whether the statement is true or false
FALSE
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Which of the following is a function of the U.S. federal government?
A) deciding for whom firms should produce goods and services B) distributing private goods and services C) providing the legal and social framework for economic activity D) determining what wages firms will pay their workers. E) deciding how much to produce of private goods and services
The U.S. economy has seen a faster increase in productivity since the mid-1990s as compared to the economies of many Western European countries. Which of the following explains this?
A) The United States has a higher rate of job mobility than do many Western European countries. B) U.S. unions impose stricter work rules as compared to unions in Western European countries. C) U.S. government regulations impose stricter work rules as compared to government regulations in Western Europe. D) U.S. workers can obtain unemployment insurance for a longer period of time as compared to workers in most Western European countries.
International comparisons of income inequality indicate that the degree of inequality is greatest in: a. developing countries
b. developed countries. c. countries with a homogeneous population. d. the United States.
Based on the information in the table, if the public had not decided to hold more currency in 1932, but the actions of the Federal Reserve and the banks remained the same, the money supply at the end of 1932 would have been: Currency held by public(in billions)Reserve-deposit ratioBank reserves (in billions)Money supply (in billions)December 1931$4.590.095$3.11$37.3December 1932$4.820.109$3.18$34.0
A. $35.9 billion B. $34.2 billion C. $36.1 billion D. $33.8 billion