When interest rates go down, people are
a. more likely to borrow
b. less likely to borrow
c. does not affect a person's consumption
d. None of the above
a
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The Federal Reserve System is organized into ________ Federal Reserve districts
A) 6 B) 10 C) 12 D) 15 E) 50
How is a production possibilities curve similar to a budget constraint?
What will be an ideal response?
Explain how the decision by parents to not immunize their children, hoping that their children will not get sick because other parents have had their children immunized, is an example of free riding. How is this behavior dangerous to the public?
What will be an ideal response?
In the last 250 years the U.S. economy has succeeded in
A) relaxing the grip of scarcity and improving the quality of life. B) eradicating poverty. C) reducing the number of government regulations imposed on households and businesses. D) eliminating scarcity.