The banking industry is heavily regulated because
A. banking is a monopoly industry.
B. most banks are owned by government agencies.
C. bankers do what is best for their stockholders, not necessarily what is best for the economy.
D. All of these responses are correct.
Answer: C
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You are trying to decide how to spend your last lunch dollar. You should use that dollar to buy more of the item:
A. that gives you the highest marginal utility per dollar. B. that costs the least. C. that gives you the highest average utility per dollar. D. from which you already have gained the greatest total utility.
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:
A. P2 and Y2. B. P1 and Y2. C. P4 and Y2. D. P1 and Y1.
Use the following table to answer the next question.All figures in the table below are in billions.RGDPC + IExportsImports$500$525$15$1055056015106005951510650630151070066515107507001510If exports increased by $15 billion at each level of real GDP, all other factors constant, then the equilibrium level of real GDP would be
A. $600 billion. B. $650 billion. C. $550 billion. D. $700 billion.
The growth rate of per capita real Gross Domestic Product (GDP) is a reasonable measure of
A. quality of life. B. personal well-being. C. productive activity. D. the amount of money each person has.