Refer to Table 8-18. What is real GDP in 2016, using 2016 as the base year?
A) $28,885 B) $11,790 C) $11,200 D) $10,275
B
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Tools to help solve the adverse selection problem in financial markets include all of the following EXCEPT
A) diversification. B) government regulations to increase information. C) the use of financial intermediaries. D) the private production and sale of information.
Which of the following banks is similar to a U.S. investment bank?
A) City banks B) Grossbanken C) Merchant banks D) Cooperative banks
Refer to Figure 8.4. Average total costs will be minimized at A) six microwave ovens. B) an output level between three and six microwave ovens. C) two microwave ovens. D) an output level greater than six microwave ovens.
The national debt is:
A. the difference between a nation's exports and imports of goods and services. B. the sum of the personal debt of all citizens in the United States. C. the cumulative effect of all past budget deficits and surpluses of the federal government. D. equal to the current size of the budget deficit.