When there is a building that is used for production, but no one has clear property rights to it
A. this is known as "dead capital" and causes inefficient production.
B. this is known as "dead capital" and causes no production.
C. resources are guided to their best use by "the invisible hand."
D. this is known as "dead capital" and causes efficient production.
Answer: A
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The direction of colonial trade produced great trade deficits with England, especially in the New England Colonies. Consequently, growth and development were stifled in colonial America
Indicate whether the statement is true or false
Unemployment insurance
a. may improve the ability of the economy to match workers with appropriate jobs. b. reduces the job search efforts of the unemployed. c. increases the amount of frictional unemployment in the economy. d. All of the above are correct.
A decrease in the interest rate, other things being equal, causes a(n):
A. upward movement along the demand curve for money. B. downward movement along the demand curve for money. C. rightward shift of the demand curve for money. D. leftward shift of the demand curve for money.
Each of the 12 regional reserve banks ________.
A. are only responsible for carrying out Treasury policy in their district B. own the member banks in their district C. are owned by the member banks in their district D. are owned by the Board of Governors