In most rich countries, adult citizens typically have a
a. primary education.
b. secondary education.
c. higher education.
d. graduate-level education.
b
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If you have a checking account at a local bank, your bank account there is a(n)
a. asset to the bank and an asset to you. b. liability of the bank and a liability of yours. c. liability of the bank and an asset to you. d. asset to the bank and a liability of yours.
Automatic stabilizers are
A. tools used by the President's Council of Economic Advisers. B. provisions that cause changes in government spending and taxes without new action by Congress or the President. C. policies set by certain committees in Congress. D. provisions that cause the aggregate supply curve to be upward sloping.
As resources move from low-valued uses in a resource market to highly-valued uses in another resource market, the price paid to the resource in the highly-valued market will
a. not be affected, if the change is temporary b. increase, if the change is temporary c. remain the same d. decrease e. increase, if the change is permanent
Which of the following would not shift the demand for pounds curve to the right?
a. An increase in real U.S. GDP. b. A decrease in U.S. interest rates. c. A decrease in real U.S. GDP. d. An increased taste for British goods by Americans. e. None of the above.