One of the portfolio choices people must make is whether to deposit idle funds in a bank or purchase government bonds.
a. true
b. false
a. true
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The efficiency of competitive markets happens because
A) of the benevolence of the butcher, the brewer, and the baker. B) people make environmentally aware purchasing decisions. C) prices adjust to make buying plans and selling plans compatible. D) government organizes and monitors production. E) the U.S. economy uses a command system to allocate resources within the competitive markets.
The easiest economic sector to be ‘globalized' is
a. merchandise trade b. capital flows c. migration of labor d. technology transfer e. none of the above
The governmental interference with the market exchange often reduces the total surplus
a. True b. False Indicate whether the statement is true or false
Rising unemployment and decreased business confidence could be signs that the economy is at the start of a(n):
A. recession. B. boom. C. recovery. D. expansion.