Numerically, the dominant type of business enterprise in the United States is
A. the proprietorship.
B. the partnership.
C. the corporation.
D. the multinational corporation.
Answer: A
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Every economic decision involves a trade-off because of
A. theory. B. opportunism. C. consumption. D. scarcity. E. efficiency.
The Fed can decrease the money supply by
a. decreasing the reserve requirement b. making open market purchases of bonds c. selling government bonds d. destroying printed currency e. creating wealth
Economists have observed that fiscal policy can be implemented very quickly while monetary policy is much slower to enact
a. True b. False Indicate whether the statement is true or false
Which of the following is not a component in the two sector circular flow model?
A. Business Sector B. Government Sector C. Real Flows D. The Resource or Factor Market