Which of the following is not one of the four broad categories of resources?
A) labor
B) government
C) capital
D) entrepreneurship
E) land
B
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Advocates of the active approach believe that discretionary government policy can restore economic stability and improve economic performance
a. True b. False Indicate whether the statement is true or false
The sum of the coins and currencies in the bank's vault and its deposit in the Fed is called:
a. vault cash. b. transaction deposits. c. legal reserves. d. required reserves. e. loanable funds.
Pick the most inclusive answer. A deposit in a NOW account is part of
a. M1 money b. M1 and M2 money c. M1, M2, and M3 money d. a near money e. none of the measures of money supply
Suppose housing construction is a price-searcher market with low barriers to entry. Which of the following will be true for this market?
a. The output of the housing construction firms will be produced inefficiently. b. Consumers would be better off if there were fewer firms and less variety in the housing market. c. If firms produced larger quantities but less variety, they could reduce the per-unit costs. d. Consumers do not have to pay for variety in the housing construction market.