All the costs of a transaction are referred to as
A) transfer costs.
B) transactions costs.
C) marketing expenditures.
D) accounting costs.
B
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Ricardian equivalence is the proposition that
A) government expenditure should only be financed by taxes. B) it does not matter whether government expenditure is financed by creating new money or issuing debt. C) government expenditure should only be financed by issuing new debt. D) it does not matter whether government expenditure is financed by taxes or debt.
If technological change increases the profitability of new investment for firms, then the ________ curve for loanable funds will shift to the ________ and the equilibrium real interest rate will ________
A) demand; right; rise B) demand; left; fall C) supply; left; rise D) supply; right; fall
The economic system characterized by private ownership of resources and market is:
a. capitalism. b. communism. c. fascism. d. socialism.
The United States is the largest consumer and importer of grains and other agricultural output in the world
a. True b. False Indicate whether the statement is true or false