Economic freedom requires
A) that there are no regulations and restrictions set on businesses and households by the government.
B) the rule of law and the ability to enforce the laws.
C) strong labor unions.
D) freedom to bribe government officials.
E) that the government be a democracy.
B
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In a monetary system, credit cards are ________.
A. not money B. a medium of exchange C. a store of value D. a unit of account
As the circular flow model shows, the factors of production flow from
A) households to firms through the factor market. B) firms to households through the goods market. C) the goods market through firms to the factor markets. D) households to firms through the goods market. E) firms to households through the factor market.
Over time, the percentage of total employment in services has ________ and in agriculture, employment has ________
A) increased; increased B) decreased; increased C) stayed about the same; decreased D) stayed about the same; increased E) increased; decreased
How does a government budget surplus or deficit influence the loanable funds market?
What will be an ideal response?