What do most economists believe about the future of business cycles?
(A) Business cycles will grow more extreme, with higher peaks and deeper troughs.
(B) Economists have made no predictions about future business cycles.
(C) Advances in technology have brought business cycles to an end.
(D) Business cycles will continue to drive our economy.
Ans: (D) Business cycles will continue to drive our economy.
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How many Federal Reserve districts are there?
A) 1 B) 2 C) 12 D) 50
The main cause of low per capita income is ________
A) a low level of capital B) a small workforce C) low productivity of capital and labor D) slow growth of capital and labor shares of income E) none of the above
Which of the following is the government not permitted to do with surplus farm goods?
a. sell to foreign countries at lower than market prices b. support child nutrition programs c. give the food to charitable food banks d. compete with farm-goods producers e. destroy the food
If your grandmother gives you $5,000, and you don't spend it, but invest it to earn 8% per year compounded annually, it will be worth $10,000 at the end of
A. 9 years. B. 72 years. C. 10 years. D. 8 years.