The production possibilities curve for an economy that experiences a constant opportunity cost of production is linear (a straight line)
a. True
b. False
Indicate whether the statement is true or false
True
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The legislation that effectively prohibited banks from branching across state lines and forced all national banks to conform to the branching regulations in the state in which they reside is the
A) McFadden Act. B) National Bank Act. C) Glass-Steagall Act. D) Garn-St.Germain Act.
In the context of consumer choice theory, utility means:
a. usefulness. b. satisfaction. c. practicality. d. boring. e. action.
The third largest source of government tax revenues that contributes roughly 10 percent to total revenues is:
A. payroll tax. B. personal income tax. C. corporate income tax. D. excise tax.
The largest expenditure component of U.S. GDP is:
A. consumption. B. investment. C. exports. D. government purchases.