The demand for money can be stated as M = (P x Y)/V.
a. true
b. false
Ans: a. true
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Which of the following statements is true?
A) The wages expected by potential workers are independent of their work experience. B) Some people seeking paid jobs may not be able to find employment. C) The wages expected by potential workers are independent of their educational qualifications. D) All people seeking paid jobs are eventually employed.
A charter school is an independent _____ school with _____ financing
a. private; private b. public; public c. private; public d. public; private
Which of the following events would not be recorded in the U.S. balance of payments?
a. The money supply of a foreign nation increases. b. Oxfam America, a U.S. relief agency, sends food to drought victims in sub-Saharan Africa. c. Oxfam America, a U.S. relief agency, sends farm equipment to drought victims in sub-Saharan Africa. d. The Pentagon stations troops in Saudi Arabia. e. Pepsi-Cola sends its soft drink to Russia; in return, the United States gets Stolichnaya vodka. No money changes hands.
According to Adam Smith, individual self-interest
a. is a powerful force for economic progress when it is directed by competitive markets. b. is a powerful force for economic progress when individuals are wisely directed by a strong central government. c. is a major factor in retarding the economic progress of humankind. d. could be either a positive or negative force for economic progress, depending on the moral influences of political leaders.