Georgie’s country is working to increase its economic growth rate by providing incentives for companies to build new factories. Georgie’s country is focused on increasing economic growth by improving its ______.
a. natural resources
b. human capital
c. physical capital
d. technology
c. physical capital
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The research document given to the Federal Open Market Committee that contains information on the state of the economy in each Federal Reserve district is called the
A) beige book. B) green book. C) blue book. D) black book.
A medium of exchange is
A) anything that is generally accepted in exchange for goods and services. B) a common measurement in which relative values are expressed. C) an item's ability to hold value over time. D) the exchange of goods and services for other goods and services. E) both a and d
If producers incorrectly set the price of their product too low a:
A. surplus will result and excess goods in inventory will signal the producers to restrict output until sales increase. B. shortage will result and consumers will bid the price up to equilibrium. C. surplus will result and excess goods in inventory will signal the producers to lower their prices. D. shortage will result and consumers will bid the price down to equilibrium.
According to the "wealth effect," when the ________ falls, the ________ rises
A) inflation rate; nominal value of household assets B) unemployment rate; average level of household income C) price level; the nominal value of household wealth D) price level; the real value of household wealth