All of the following are government imposed quantity restrictions except
A) A ban on a good making it illegal to own the good
B) Import quotas
C) Licensing certain activities
D) Rent controls
Answer: D) Rent controls
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The first run on a British bank since 1866 occurred in August 2007 at which bank?
A) Liberty Mutual B) Liberty Rock C) Northern Rock D) Bank of England E) First Savings and Loan
The income-expenditure identity for a closed economy is:
A. Y = C + I + G. B. Im ? Ex = C + I. C. Y = C + I + G + NX. D. Y + G = C + I ? NX.
Which of the following statements is correct?
a. The demand for capital is derived from the demands for outputs. b. The demands for output are derived from the demand for capital. c. The demand for capital is derived from the demand for rent. d. The demand for rent is derived from the demand for capital.
Non-interventionists include all of the following, EXCEPT
A. new classical economists. B. supply-side economists. C. Keynesian economists. D. monetarists.