Countries with lower levels of economic freedom tend to have
a. lower levels of economic growth
b. higher levels of per person income
c. higher levels of investment
d. all of the above
A
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Lifetime income is distributed
A) less equally than annual income and less equally than measured wealth. B) less equally than annual income and more equally than measured wealth. C) more equally than annual income and less equally than measured wealth. D) more equally than annual income and more equally than measured wealth.
Camels have been used as money. Which function of money would this type of money perform least well?
A) medium of exchange B) unit of accounting C) store of value D) standard of deferred payment
Which of the following changes is most likely to happen when there is a decrease in the supply of money in a market that was initially in equilibrium?
a. The demand for money increases b. Planned investment spending increases c. Interest rate increases d. Aggregate expenditure increases e. The demand for money decreases
A unique characteristic of oligopolies is their
a. differentiated products b. profit-maximizing behavior c. advertising campaigns d. ability to overcome barriers to entry e. mutual interdependence