In many countries, the system of titling is:
A. weak, allowing more and faster investment.
B. weak, slowing economic development.
C. strong, slowing the amount of property transfer.
D. strong, slowing economic growth.
B. weak, slowing economic development.
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The problems of inflation and unemployment are
A. only relevant to European economies. B. not relevant to the U.S. economy. C. major topics of microeconomics. D. major topics of macroeconomics.
The above table gives some production and cost information for Flaming Fernando's, a restaurant that sells Fiery Frijoles. Between what two levels of output does the marginal cost of producing Fiery Frijoles first begin to rise?
A) 0 and 1000 B) 1000 and 3000 C) 3000 and 4000 D) 4000 and 4500
If a one-year bond currently yields 5% and is expected to yield 7% next year, the liquidity premium theory predicts that the yield today on a two-year bond should be
A) 5%. B) less than 6%, but more than 5%. C) 6%. D) more than 6%.
Veblen goods:
A. are an excellent example of the individual nature of utility. B. are goods which consumers buy to show how wealthy they are. C. are goods that people buy more of when their income decreases. D. are inferior goods.