GDP understates the amount of economic production in the United States because it excludes ________.
A. spending for the U.S. military
B. purchases of stocks and bonds
C. work performed by households for their own benefit
D. transfer payments
Answer: C
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Which price in Figure 4-21 is equilibrium?
A. P1 B. P2 C. P3 D. There is no equilibrium price in the diagram.
Repealing Regulation Q still left savings-and-loan associations with a problem: most of their __________ were still at __________ interest rates
A) assets; low B) assets; high C) deposits; low D) deposits; high
Which of the following is true of the NASDAQ Composite Index?
a. It includes the stocks of 500 companies that are widely owned by U.S. citizens. b. It represents all major areas of the U.S. economy. c. It mostly includes the stocks of technology and Internet-related companies. d. It contains more than 6,500 stocks that are traded in the United States. e. It includes all the stocks which are on the New York Stock Exchange.
American citizens planning a vacation abroad that would require foreign currency would welcome:
A. Depreciation of the dollar. B. Appreciation of the dollar. C. Appreciation of the foreign currency. D. Devaluation of the dollar.