An example of a public good is:
a. a tornado siren
b. a cake.
c. a personal computer.
d. a DVD player.
a
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Suppose you withdraw $1,000 from your savings account and put it in your checking account. Briefly explain how this will affect M1 and M2
What will be an ideal response?
The ability to exercise control over one's own resources within the confines of the law refers to
A) the free market. B) one's property rights. C) having an absolute advantage. D) entrepreneurship.
If a bank has $100,000 of checkable deposits, a required reserve ratio of 20 percent, and it holds $40,000 in reserves, then the maximum deposit outflow it can sustain without altering its balance sheet is
A) $30,000. B) $25,000. C) $20,000. D) $10,000.
The income generated from the sale of the goods and services produced in the economy and paid to the individuals and businesses who supply the factors of production is called:
A) GDP. B) GNP. C) national income. D) NNP.