A situation in which a country does not trade with other countries is called
A) autarky.
B) self-actualization.
C) autonomy.
D) independence.
Answer: A
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Open market operations involve the purchase and sale of:
A) utility bonds B) corporate bonds C) municipal bonds D) government bonds
In perfectly competitive markets, transactions costs are:
A. generally quite high. B. a natural byproduct of making the transaction. C. low or nearly zero. D. seen as a nuisance and generally ignored when making a transaction.
Of the 39 million Americans living in poverty, _______________ are children.
A. one-quarter B. 10 percent C. less than half D. more than half
The formula for cross elasticity of demand is percentage change in:
A. quantity demanded of X/percentage change in price of X. B. quantity demanded of X/percentage change in income. C. quantity demanded of X/percentage change in price of Y. D. price of X/percentage change in quantity demanded of Y.