After reading Governor Bradford's account, which is the most accurate statement, given his experience?
a. He considered the problems in the colony to be rooted in the "sine and corruption" of selfishness.
b. He agreed with Plato that goods held in a "commone wealth" would make the people "happy and flourishing."
c. That assigning private plots of land "made all hands very industrious."
d. That assigning private plots of land "for this communitie" caused "much confusion and discontent."
c. That assigning private plots of land "made all hands very industrious."
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In the early 1980s, many savings-and-loan associations pretended to be solvent by
A) valuing their assets on a historical cost basis. B) underreporting the amount of their liabilities. C) including the impact of high interest rates on the value of their assets. D) counting "goodwill" as an asset.
If the price of vanilla ice cream decreases, it is likely that
a. demand for vanilla ice cream will increase b. demand for vanilla ice cream will decrease c. demand for chocolate ice cream will increase d. demand for chocolate ice cream will decrease e. the quantity demanded of vanilla ice cream will decrease
In official government statistics, the GDP deflator is actually calculated using:
A. a method called a chain-weighted index. B. the ratio of nominal GDP to real GDP from the year before it. C. a simpler approach, so the results are easily comparable. D. the value of a market basket that households typically purchase.
The financial system:
A. brings together savers and borrowers in a set of interconnected markets where people trade a variety of financial products. B. connects the government to those truly in need of public services. C. is used to help individuals keep track of the general price level. D. gathers information about the economy in an effort to inform the public.