The low per capita outputs of the DVCs are explained by:
A. insufficient saving and investment.
B. overinvestment in human capital.
C. slow population growth.
D. excessively rapid technological advance.
A. insufficient saving and investment.
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The president of which Federal Reserve bank is always a voting member of the Federal Open Market Committee?
A) Philadelphia B) Boston C) Chicago D) New York
Risk aversion simply means that people dislike bad things to happen
a. True b. False Indicate whether the statement is true or false
Suppose supply decreases, but there is no change in demand. As the market reaches its new equilibrium:
A. excess demand will lead the price to fall. B. excess supply will lead the price to rise. C. excess supply will lead the price to fall. D. excess demand will lead the price to rise.
A major feature of a market system is that:
A. there is full employment. B. there is consumer sovereignty. C. all producers make profits. D. there is economic equality.