Real GDP per capita and other alternative measures of the quality of life are:
a. independent. b. directly correlated.
c. poorly correlated. d. inversely related.
b
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To say that money serves as a store of value is to say that money is a useful way to store wealth for future use
a. True b. False Indicate whether the statement is true or false
Generally, most economists feel that a sales tax is:
a. regressive. b. proportional. c. progressive. d. fair.
A self-managed team is still headed by a boss
Indicate whether the statement is true or false
A major difference between the Federal Reserve System and foreign central banks is that the
a. Fed is considered part of our government while central banks in other countries are not part of the government b. Fed is completely independent of government influence while central banks in other countries are under government influence c. Fed deals with less money than its foreign counterparts d. U.S. does not have a single central bank like its foreign counterparts e. purpose of the Fed is to make a profit while other countries' central banks exist to serve the public