The economic system that includes private ownership of most resources and the coordination of economic activity by price signals generated by market forces is
a. capitalism
b. socialism
c. communism
d. mercantilism
e. progressivism
A
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Based on the information in the table, the total amount of bank deposits decreased from ________ to ________ over the course of 1932. Currency held by public(in billions)Reserve-deposit ratioBank reserves (in billions)Money supply (in billions)December 1931$4.590.095$3.11$37.3December 1932$4.820.109$3.18$34.0
A. $37.3 billion; $34.0 billion B. $34.2 billion; $30.8 billion C. $32.7 billion; $29.2 billion D. $37.3 billion; $32.7 billion
The following appeared in a Florida newspaper a week after a hurricane hit the state. "Floridians are relieved that the storm produced no fatalities but homeowners face weeks, if not months, of rebuilding. Matters are made worse by the soaring prices of plywood and other building materials that always follow in a hurricane's path. Complaints of profiteering and price gouging have not deterred firms from raising their prices by over 100 percent." Which of the following offers the best explanation for the price increases referred to in the article?
A) The hurricane caused an increase in the demand for building materials. B) The hurricane created an artificial shortage of building materials. C) There was a reduction in supply as firms shipped plywood and other materials to locations not affected by the storm. D) The hurricane reduced the number of suppliers of building materials.
Private placements are a particularly important type of financing for __________ firms
A) very small B) small C) mid-size D) large
Which of the following is a deficit item on the U.S. balance of payments accounts?
A) A U.S. firm sells a product to a Mexican firm. B) An Italian tourist in Miami purchases a beach ball. C) A Spaniard buys 100 shares of Ford stock. D) A U.S. resident buys gold from the Japanese central bank.