If the Federal Reserve wants to increase the supply of money, it creates dollars and uses them to purchase government bonds from the public in the nation’s bond markets.
Answer the following statement true (T) or false (F)
True
Economics
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If a firm has increasing returns to scale at all levels of output, then the
A. marginal cost for the firm declines over the entire range of output. B. average cost for the firm declines over the entire range of output. C. fixed costs of operation diminish to zero. D. production technology is optimized.
Economics
We can estimate that if a country grows at 7 percent per year, it will double its real GDP per capita in:
A. 2 years. B. 20 years. C. 35 years. D. 10 years.
Economics
Which of the following is an example of a pure public good?
A. An automobile B. A mall C. A teddy bear D. An army
Economics
Cash is an example of a liquid financial asset.
Answer the following statement true (T) or false (F)
Economics