In an economy with money, as opposed to barter, people are more likely to specialize in the production of goods and services
Indicate whether the statement is true or false
TRUE
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If the Federal Reserve Banks goal was to use open market operations to expand the economy it could move from:
A. MS1 to MS3
B. MS3 to MS2
C. MS4 to MS3
D. MS2 to MS1
The difference between a sole proprietorship and a partnership is
a. a partnership is a separate legal being apart from its owners b. ability to issue stock c. limited liability d. the distribution of dividends e. the number of owners
"Fair" outcomes and "efficient" outcomes are always identical
a. True b. False Indicate whether the statement is true or false
When an economist evaluates a positive statement, he or she is primarily
a. examining evidence. b. acting as a scientist. c. concerned with verifying how the world is. d. All of the above are correct.