What percentage of the U.S. adult population has at least a high school education (as of 2009)?
A. 29 percent
B. 41 percent
C. 87 percent
D. 95 percent
Ans: C. 87 percent
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When a commercial bank lends $1000 to a customer
A) M1 and M2 decline by $1000. B) M1 and M2 rise by $1000. C) M1 rises but M2 does not change. D) there is no change in M1 or M2 until the loan proceeds are spent.
The study of microeconomics and macroeconomics differ in that:
a. microeconomics is concerned with the domestic economy and macroeconomics is concerned only with the international economy. b. microeconomics examines the individual markets of the economy while macroeconomics studies the whole economy. c. microeconomics studies the actions of households and macroeconomics studies the actions of business firms. d. microeconomics examines the whole economy while macroeconomics studies the individual units of the economy.
If the United States consumption possibilities are greater than its production possibilities, then the United States must have
A. autarky. B. an open economy. C. a closed economy. D. protectionism.
The textbook says that which of the following is among the key forces shaping today's economy?
A. Accounting scandals B. Socialism C. Social networking D. The evolution of financial markets