According to the above table, the value of M1 is
A) $1,205 billion. B) $1,213 billion. C) $1,888 billion. D) $1,629 billion.
B
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Use the following table to answer the question below. Jake's Production Possibilities ScheduleJane's Production Possibilities SchedulePounds of Green BeansPounds of CornPounds of Green BeansPounds of Corn01600801012020602080404030406020400800Without trade, Jake consumes 20 pounds of green beans and 80 pounds of corn, and Jane consumes 40 pounds of green beans and 40 pounds of corn. If the terms of trade are 1 pound of green beans for 3 pounds of corn, and Jake sells Jane 72 pounds of corn after specialization, then Jake consumes ________ pounds of green beans and ________ pounds of corn.
A. 72, 56 B. 24, 88 C. 88, 24 D. 56, 72
More than a quarter of the population experiences ________ poverty at some point in their lives, perhaps due to losing a job or experiencing sickness or injury.
A. transient B. abject C. chronic D. None of these is true.
One of the early founders of the European welfare state
a. Marx b. Kaiser Wilhelm c. DeGaule d. Bismarck e. Erhardt
Which one of the following government actions is intended to generate positive externalities?
A. Subsidies for planting trees on hillsides B. Requiring autos to meet minimum emissions regulations C. Speed limits on the highways D. Taxing polluting industries