Property rights are a tangible factor in producing economic growth
Indicate whether the statement is true or false
False
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If the Federal Reserve conducts an open market purchase, the
A) interest rate will not change. B) interest rate will increase. C) money supply is decreased. D) interest rate will decrease.
By definition, exports are
a. limits placed on the quantity of goods brought into a country. b. goods in which a country has an absolute advantage. c. people who work in foreign countries. d. goods produced domestically and sold abroad.
Suppose that only 2 percent of all people are geniuses. If an IQ test indicates that Albert is a genius, but the test is only accurate 90 percent of the time, then the probability that Albert really is a genius is roughly:
A. 18 percent. B. 16 percent C. 10 percent. D. 2 percent.
The imposition of a tax on a product
A) shifts the supply curve to the right. B) shifts the demand curve to the right. C) shifts both the supply and the demand curve to the right. D) shifts the supply curve to the left.