The autonomy of modern central banks means that governments cannot increase their spending by:
A. issuing bonds.
B. either issuing bonds or printing money; both represent debt.
C. raising taxes.
D. printing money.
Answer: D
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Indentured servitude was first used to promote immigration in
a. Jamestown in 1618. b. Plymouth Colony in 1623. c. New York in 1630. d. Rhode Island Colony in 1652.
You are considering buying a store. In order to better access your return on the investment, you must ask the storeowner for the figures on days when
a. Sales are high, costs are low b. Sales are low, costs are high c. Both sales and costs are high d. All of the above
If you were in the donut-making business, which of the following would most likely not be an explicit cost?
a. salaries b. sales taxes c. utilities, such as gas and electricity d. insurance e. the time you put into running the business
If economics is correct in its assumption that people are rational, why then would anyone choose to smoke cigarettes?