Which of the following is a negative effect of economic growth?
A) higher inflation B) environmental pollution
C) higher unemployment D) all of the above
B
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A firm that can borrow from a bank any amount it wishes up to a certain limit, and at any time up to a certain date, is said to have a
A) repurchase agreement. B) trade credit. C) a line of credit. D) internal financing.
Economists attribute the high Gini coefficients among less-developed countries primarily to their
a. predominantly agricultural economies b. unstable political systems c. inadequate transportation systems d. large untapped natural resources e. proximity to industrial economies
Which of the following is most likely to be an example of monopsony?
A. The market for fast-food workers in a large summer resort town. B. The market for card dealers in Las Vegas. C. The market for Major League Baseball umpires. D. The market for retail sales clerks in a major city.
A period of sustained growth in output in an economy is referred to as a(n) _____
a. expansion b. contraction c. peak d. trough e. recession