In nondemocratic countries that have experienced consistent economic growth and improvements in their standards of living
A. there is a tendency to become democratic over time.
B. the rise of special-interest groups usually promotes competition and growth.
C. there is no tendency to become more democratic over time because the current political situation is economically successful.
D. political freedom is apt to decrease over time as governments become more controlling.
Answer: A
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Which of the following is NOT counted as an economic resource?
a. Money supply. b. Physical labor. c. Mental abilities of labor. d. Land. e. All of the above are included.
Suppose the price of a gallon of ice cream rises from $4 to $5 and the price of a can of coffee rises from $2 to $2.50 . If the CPI rises from 150 to 177, then people likely will buy
a. more ice cream and more coffee. b. more ice cream and less coffee. c. less ice cream and more coffee. d. less ice cream and less coffee.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
You own stock that increases in value by $3,000 but you do not cash in the stock. The $3,000 is
A. counted as part of economic income but not part of taxable income. B. counted as neither taxable nor economic income. C. counted as both economic and taxable income. D. counted as taxable income but not economic income.