According to Bill Gates, from the World View article titled "The Way We Give: Philanthropy Can Step In Where Market Forces Don't," more than 90 percent of the money devoted to health research is spent on those who
A. Are the healthiest.
B. Live in developing countries.
C. Are balding.
D. Have malaria.
Answer: A
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During the Christmas shopping season, the demand for money increases significantly. To offset the increase in money demand, the Fed must ________ the money supply, which will put ________ pressure on nominal interest rates.
A. decrease; upward B. decrease; downward C. increase; downward D. increase; upward
According to the segmented markets theory of the term structure
A) bonds of one maturity are close substitutes for bonds of other maturities, therefore, interest rates on bonds of different maturities move together over time. B) the interest rate for each maturity bond is determined by supply and demand for that maturity bond. C) investors' strong preferences for short-term relative to long-term bonds explains why yield curves typically slope downward. D) because of the positive term premium, the yield curve will not be observed to be downward-sloping.
Plumbers and carpenters are examples of industrial unions
a. True b. False
The classical economists believed
A. wages and prices were inflexible downward. B. if nothing was done, recessions would become depressions. C. recessions needed quick countercyclical action by the government. D. the economy was essentially self-regulating.