Currency consists of:
a. coins and Eurodollars.
b. paper money and checks.
c. coins and paper money.
d. paper money and Eurodollars.
e. coins and checks.
c
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Economists who believe that a balanced budget is unnecessary and harmful argue that economic booms should automatically lead to smaller deficits or larger surpluses
a. True b. False Indicate whether the statement is true or false
Suppose you borrow $50,000 from your bank to purchase a Tesla vehicle. This is an example of
A. indirect financing. B. direct financing. C. transaction costs. D. moral hazard.
In the above figure, if the Lorenz curve were to move closer to the diagonal line containing points b and c, the income distribution would be
A) more unequal. B) more equal. C) unchanged. D) More information is needed to determine how this change would affect the income distribution.
Entrepreneurs bring together the factors of production to produce goods and services
Indicate whether the statement is true or false