In a dual economy, it is generally the case that the majority of the population works in the:
A. market economy.
B. international sector.
C. traditional (barter) economy.
D. manufacturing sector.
Answer: C
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What is the real GDP after four years if Country X's average annual growth rate is 8.6 percent and the initial real GDP was $2,756.0 million?
A) $2,993.0 million B) $3,833.5 million C) $1,077.5 million D) $3,250.4 million
The assessment by George Stigler concerning the tradeoffs between "market failure" and "political failure" in the American economy provides support for which of the following solutions to the problems of monopolies?
a. public ownership of monopolies b. government regulation of monopolies c. government incentives to promote competition in monopolized industries d. doing nothing at all
The two parts of the Keynesian consumption function are consumption that depends on ________ and consumption that depends on ________.
A. real income; nominal income B. planned spending; unplanned spending C. money; wealth D. disposable income; factors other than disposable income
M2 includes which of the following?
A. Government bonds B. Retail money funds C. Corporate bonds D. Gold