The top ten countries account for almost "X"% of the total world population.
a) 55%
b) 75%
c) 45%
d) 60%
Answer: d) 60%
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In a _____, the state owns all means of production
A. mixed economy B. planned economy C. market economy D. totalitarian state
If perfectly competitive lawn care firms are making an economic profit, then
A) wages will be bid up until the economic profit are gone. B) the firms must be superior and will continue to make an economic profit. C) new firms will enter the industry. D) they are not equating marginal revenue to marginal cost. E) government regulation will be imposed to decrease their profit.
The first president who commit the government to a target unemployment rate is
A. FDR. B. John F Kennedy. C. Bill Clinton. D. Lyndon Johnson.
When equity and property prices collapse (bust), bank balance sheets are impaired because:
A. the collateral that is backing many of the loans banks have made is now worth less. B. banks hold a lot of corporate stocks and they also own a lot of property outright. C. banks hold a lot of corporate stocks. D. banks own a lot of property outright.