Compared to the 19th century, the population of the 20th century
(a) was largely urbanized.
(b) was 3.7 times larger in number.
(c) experienced a 63 percent increase in life expectancy at birth.
(d) can be described by all of the above.
(d)
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Why are harder forms of liquor produced in "dry" counties in the U.S.?
A) Drinkers in dry counties only prefer liquor to beer and wine. B) Producers only prefer to drink liquor. C) Producers find liquor more efficient to produce, given the rules of the game. D) Trick question: No liquor is produced in "dry" counties.
____ is the rate that applies when banks borrow and lend reserves to one another
a. The repo rate b. The discount rate c. The coupon rate d. The federal fund rate
A monopoly is allocatively efficient compared to perfect competition
Indicate whether the statement is true or false
Net exports are negative when:
a) a nation's imports exceed its exports. b) the economy's stock of capital goods is declining. c) depreciation exceeds domestic investment. d) a nation's exports exceed its imports.