Which statement is true?
A. Entrepreneurial ability is in short supply in the U.S.
B. Land, labor and capital may be considered passive resources.
C. The concept of opportunity cost is irrelevant when there is scarcity.
D. None of these statements are true.
B. Land, labor and capital may be considered passive resources.
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The high period of immigration in the first half of the 19th century was caused by
a. the Irish potato famine. b. political unrest in Europe. c. political unrest in China. d. Only a and b are correct. e. None of the above are correct.
If the usury law was in effect, how much money would be lent out?
One of the dangers of growing government debt is that:
A. it makes monetary policy more difficult by tying up more of the money supply in loans to the government. B. it pushes down interest rates which can lead to overspending by households and businesses. C. more of the budget goes to pay interest on the debt, making it harder to act in a future recession. D. debts have to be repaid with future income.
A decrease in the required reserve ratio will:
A. decrease commercial bank loans and reduce the money supply. B. increase commercial bank loans and reduce the money supply. C. increase commercial bank loans and increase the money supply. D. decrease commercial bank loans and increase the money supply.