Economic forces:
A. give rise to scarcity.
B. are not related to scarcity.
C. are a reaction to scarcity.
D. are not related to rationing.
Answer: C
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Factors that influence labor productivity include ________
A) the inflation rate, the real wage rate, and the exchange rate B) the labor demand curve C) physical capital, the real wage rate, and technology D) physical capital, human capital, and technology
The time it takes to identify and examine the nature and seriousness of an economic problem is the _____
a. activity lag b. decision-making lag c. effectiveness lag d. implementation lag e. recognition lag
Economic progress
a. indicates that scarcity is no longer a problem. b. indicates income levels are higher even though environmental and health conditions have worsened. c. requires that individuals work longer hours. d. reflects that people are achieving higher income levels and living standards.
The main problem with securitization is that
A) governments are no longer able to repackage bank assets. B) securitized banks grow too large and create oligopolies. C) There is no problem. Governments can still get an accurate picture of global financial flows by simply examining bank balance sheets. D) governments are not able to monitor bank assets or to asses a bank's risk to the soundness of the international banking system. E) the bank assets are not marketable.