The greatest increase in productivity per capital results from
a. a larger population.
b. more land.
c. specialization and exchange.
d. atmospheric conditions.
c. specialization and exchange.
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Compare the characteristics of loans and marketable securities in terms of liquidity, risk, and information costs
What will be an ideal response?
As interest rates rise,
a. the temptation to borrow increases. b. the cost of carrying the national debt rises. c. the likelihood of a surplus budget increases. d. the need for deficit spending to reinvigorate the economy grows.
Refer to Figure 17-2. Suppose the economy is at point A in the figure above. Which of the following is true?
A) The current unemployment rate is 3.8% B) Actual Inflation is 1% C) The current unemployment rate is equal to the natural rate of unemployment D) The Economy will move from A to B E) The expected rate of inflation is 5.5%
Daniel has $300 in a bank account. Some years ago he put $213.20 into this account, and it has earned 5 percent interest every year since then. How many years ago did Daniel open his account?
a. 4 years b. 5 years c. 6 years d. 7 years