Which of the following is a capital resource?
A. a computer programmer
B. silicon (sand) used to make computer chips
C. a corporate bond issued by a computer manufacturer
D. a piece of software used by a firm
Answer: D
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As part of the "wealth channel of monetary policy," a lower money supply __________ interest rates and thus __________ bond prices
A) raises; raises B) raises; lowers C) lowers; raises D) lowers; lowers
Social Security is used to redistribute income.
A. True B. False C. Uncertain
Most natural monopolies are regulated at some level by a government because:
a. an unregulated natural monopolist would cause the problem of capital outflow. b. an unregulated natural monopolist would produce only for government bureaucrats. c. an unregulated natural monopolist would charge an inefficiently low price in the market. d. an unregulated natural monopolist would charge an inefficiently high price in the market. e. an unregulated natural monopolist would incur losses.
Nations will attract investment and its citizens will engage in productive activities when the institutions and policies of that country
a. encourage market exchange. b. reward innovation. c. protect people and their property. d. all of the above.