Refer to the information provided in Figure 1.1 below to answer the question(s) that follow.
Figure 1.1Refer to Figure 1.1. The relationship between the daily temperature and the number of gallons of ice cream purchased demonstrates
A. an infinite slope.
B. a positive slope.
C. a zero slope.
D. a negative slope.
Answer: B
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Around the world, once-socialist countries have replaced central plans with
a. foreign aid b. budgets c. special interests d. markets e. capital equipment
In 2009, nominal GDP was $14,050 billion and M1 was $1,587 billion. Velocity was
a. 0.11. b. 8.85. c. 11.30. d. 14.25.
Behavioral economics
a. integrates psychological insights into economic models. b. relies on the assumption that homo economicus describes economic decision-making. c. assumes that economic agents have full information about the conditions surrounding their decisions. d. All of the above are correct.
In 1998, Japan decided to make the Bank of Japan, its central bank,
A. more independent. B. more concerned with fighting inflation. C. subject to direct control by the Japanese prime minister. D. subject to direct control by the Diet, the Japanese parliament.