The introduction of money to an economy results in:
A) higher incomes
B) higher productivity
C) increased specialization
D) a more efficient barter system
D
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Usually an abundance of natural resources ________ average labor productivity.
A. has no effect on B. decreases C. increases D. doubles
How does adverse selection in financial markets affect the method by which firms raise funds?
What will be an ideal response?
Some argue that the best response to monopolies is no response at all, because:
A. the creation of regulation may be too difficult. B. no one can ever decide which monopolies to regulate. C. left unchecked, all monopolies eventually shut down. D. they are too powerful to be dealt with effectively.
Ceteris paribus, if average prices in the U.S. economy fall, then the
A. Foreign trade effect will lead to a lower quantity of U.S. output demanded. B. Cost effect will lead to a higher quantity of U.S. output demanded. C. Real balances effect will lead to a lower quantity of U.S. output demanded. D. Interest rate effect will lead to a higher quantity of U.S. output demanded.