Commercialization, market growth and factories emerged in rural areas
Indicate whether the statement is true or false
False
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The organization responsible for the conduct of monetary policy in the United States is the
A) Comptroller of the Currency. B) U.S. Treasury. C) Federal Reserve System. D) Bureau of Monetary Affairs.
Which of the following is not a characteristic of perfect competition?
a. A commodity product b. A large number of independently acting sellers c. Freedom of entry d. The existence of externalities e. Each firm is a price taker
Assume that the U.S. can produce either 10 million cell phones or 20 million picture frames and that Canada can produce either 2 million cell phones or 6 million picture frames. Based on this information, which of the following is true? a. Both countries could benefit if the U.S. traded cell phones to Canada for picture frames. b. Both countries could benefit if the U.S. traded picture frames
to Canada for cell phones. c. Canada could gain from trade but the U.S. could not. d. The U.S. could gain from trade but Canada could not.
Which of the following is an argument against a balanced government budget?
a. A government may decide that by accumulating large budget surpluses, it can make crucial long-term investments in human capital and physical infrastructure that will build the long-term productivity of a country. b. A government may decide that by running large budget deficits, it can make crucial long-term investments in human capital and physical infrastructure that will build the long-term productivity of a country. c. A government may decide that by running small budget deficits, it can make crucial long-term investments in human capital and physical infrastructure that will build the long-term productivity of a country. d. A government may decide that by accumulating small budget surpluses, it can make crucial long-term investments in human capital and physical infrastructure that will build the long-term productivity of a country.