Democracy is ______________ to economic growth.
A. clearly linked and is essential
B. clearly linked and is not essential
C. not so clearly linked, yet seems to be essential
D. not so clearly linked and does not seem to be essential
D. not so clearly linked and does not seem to be essential
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A cost of unemployment typically borne by society at large rather than the unemployed themselves is:
A. lost self-esteem. B. lost tax revenue. C. lost income. D. feelings of loss of control over one's life
The problem typically during a recession is not that there is too little money, but too little spending. If the problem was too little money, what would be its cause? If the problem was too little spending, what could be its cause?
What will be an ideal response?
Regulatory agencies engage in all of the following activities except _______
a. controlling entry into the regulated industries b. overseeing the quality of service provided by the firms c. setting federal and state income tax rates on regulated firms d. setting prices that consumers will pay e. none of the above
The value of the housing services provided by the economy's owner-occupied houses is
a. included in GDP, and the estimated rental values of the houses are used to place a value on these housing services. b. included in GDP, and the actual mortgage payments made on the houses are used to estimate the value of these rental services. c. excluded from GDP since these services are not sold in any market. d. excluded from GDP since the value of these housing services cannot be estimated with any degree of precision.