You decide to open a savings account, and you notice a sign in your bank that indicates deposits are FDIC insured. What protection does that give you?
(A) If the bank fails, your deposits are protected up to $250,000.
(B) If you accidentally injure someone, they cannot claim any of the first $250,000 of your bank deposits as compensation.
(C) Your deposits are guaranteed a certain rate of interest if you have at least $250,000 in the bank.
(D) If you accidentally withdraw more money that you have in your account, you will not have to pay a penalty.
Ans: (A) If the bank fails, your deposits are protected up to $250,000.
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In the above figure, the inflationary gap can correctly be identified as
A) the difference between 125 and 120. B) the difference between 12.2 trillion and 12 trillion. C) LRAS minus SRAS. D) AD1.
An example of a tax-funded program primarily intended to stimulate economic growth is the:
A. maintenance of public highways. B. provision of housing to those in need. C. provision of basic healthcare. D. provision of national defense.
According to the Keynesian consumption function, if disposable income
a. increases, planned saving will increase. b. increases, planned consumption will increase. c. falls, planned saving will increase. d. increases, both planned saving and planned consumption will increase.
Consider the following information, and assume that opportunity costs are constant: On one hand, residents of Country A can produce more corn in a year than residents of Country B, but they can produce computers at a lower opportunity cost than residents of country B. On the other hand, residents of country B can produce more computers in a year than residents of Country A, but they can produce corn at a lower opportunity cost than residents of country A. It can be concluded that residents of
A. Country B should produce computers and trade them for corn produced in Country B. B. Country A should produce computers and trade them for corn produced in Country B. C. Country A should produce corn and trade it for computers produced in Country B. D. both countries should choose not to trade.