What is a mixed economy?
What will be an ideal response?
A mixed economy is an economy in which most economic decisions result from the interaction of buyers and sellers in markets but in which the government plays a significant role in the allocation of resources.
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If gross investment for a year was $120 billion and net investment was $65 billion, then in that year the country's capital stock ________.
A. increased by $65 billion B. increased by $55 billion C. decreased by $55 billion D. may have either increased or decreased
A decrease in the incomes of people who buy canoes would cause the demand for canoes to decrease
Indicate whether the statement is true or false
The unemployment rate will increase whenever there is a(n): a. increase in the number of unemployed persons. b. increase in the number of unemployed persons relative to the size of the labor force
c. increase in the size of the U.S. population but no change in the number of unemployed persons. d. increase in the size of the labor force. e. increase in the size of the U.S. population and a decrease in the number of unemployed persons.
The quantity theory of money of the Classical economists says that a change in the money supply will produce a:
a. proportional change in the price level. b. greater than proportional change in the price level. c. less than proportional change in the price level. d. wide variation in the velocity of money.