Barter eliminates the double coincidence of wants
Indicate whether the statement is true or false
FALSE
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Labor force productivity has increased from $30 per hour to $32 per hour over the past year. This could result from
A) an increase in real GDP with no change in the aggregate hours or a decrease in aggregate hours with no change in real GDP. B) only an increase in real GDP. C) an increase in population. D) an increase in the labor force participation rate. E) only a decrease in aggregate hours.
Purchases of stocks and bonds are examples of investment spending
a. True b. False
Which is not a reason Usury laws are often politically popular?
A. Few people sympathize with banks and other lenders who are suspected of price gouging. B. Consumers are in favor of the lower lending rates. C. The lower rates allow people to borrow more. D. Lenders, not the Usury laws, are often blamed by people who do not get loans.
The major trade group in South America involving Brazil, Paraguay, Uruguay, and Argentina is ________.
A) Mercosur B) UNASUR C) APEC D) CAN