Which of the following would NOT be a part of personal income?
A. retirement checks
B. indirect business taxes
C. corporate dividend payments to shareholders
D. payments received from Social Security
Answer: B
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During the first 6 months of 2008, the United States imported from Africa, Asia, and Latin America more than 1.6 billion pounds of coffee and did not export any coffee. Based on this, we know definitively that
A) Africa, Asia, and Latin America have comparative advantage in coffee production. B) the United States has absolute advantage in coffee production. C) Africa, Asia, and Latin America have absolute advantage in coffee production. D) the United States has comparative advantage in coffee production.
When the Fed purchases government securities from a commercial bank, the bank
a. loses its ability to make loans. b. automatically becomes poorer. c. loses equity in the Fed. d. receives reserves that can be loaned out.
Which of the following is correct?
a. Keynesians believe there is an indirect link between changes in a nation's money supply and changes in expenditures. b. Monetarists believe there is an indirect link between changes in a nation's money supply and changes in expenditures. c. Keynesians believe there is a direct link between changes in a nation's money supply and changes in expenditures. d. Monetarists believe there is no short-term link between changes in a nation's money supply and changes in expenditures. e. Keynesians believe there is no short-term link between changes in a nation's money supply and changes in expenditures.
There are about 50,000 commercial banks in the United States in 2017.
Answer the following statement true (T) or false (F)