As of October 2012, which of the following was true?
A) deposits of foreign governments and international organizations > bank reserves > currency in circulation
B) currency in circulation > bank reserves > deposits of foreign governments and international organizations
C) bank reserves > currency in circulation > deposits of foreign government and international organizations
D) currency in circulation > deposits of foreign governments and international organizations > bank reserves
C
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Jon is risk averse. When he buys insurance against all risks, then
A) he knows his wealth with certainty. B) his utility exceeds his expected utility. C) his wealth exceeds his expected wealth. D) all of the above.
Why did the unemployment rate drop from the early 1980s to 2000?
a. More adults than average dropped out of the labor force because they were discouraged. b. People became more productive and more workers were hired. c. The demographics of the labor force changed significantly during this period. d. The U.S. economy generated an additional 35 million jobs as it was growing.
An example of human capital would be:
A. a training session on Excel. B. an office chair. C. Excel software. D. All of these are examples of human capital.
A frequently cited barrier to economic development is the apparent shortage of entrepreneurial activity in developing nations.
Answer the following statement true (T) or false (F)