In 1981, in San Francisco Solano, Argentina, about 1,800 families took over a piece of wasteland. The government was able to deed 60 percent of this land to some families while the remaining part could not be deeded. The resulting houses varied greatly, based on whether the residents received title. Those who received title also behaved differently, having fewer children, and the children
experienced more education and better health. This is an example of the results from:
a. scarcity.
b. economic growth.
c. economic freedom.
d. private property rights.
e. improved quality of life.
d
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Which of the following nations had the lowest growth rate between 1960 and 2011?
A) Taiwan B) Chile C) Ethiopia D) South Korea
Assume that the reserve requirement is 10 percent. A $1,000 cash deposit into a savings account will immediately increase the bank's required reserves by _____
a. $10,000. b. $500. c. $100. d. $1,500. e. $10.
Inflationary pressures increase when the economy moves:
A. down the short-run Phillips curve. B. to the left of the long-run Phillips curve. C. to the right of the long-run Phillips curve. D. down the long-run Phillips curve.
In a market economy:
A. businesses design their plans to maximize their profit and the market is relied upon to see that individual self-interest is consistent with society's interest. B. workers are directed by government planning boards to produce what is in society's best interest. C. government owns the means of production so that it can produce what is in society's best interest. D. government sets prices to make necessities affordable because it is in society's best interest to make necessities affordable.