In November 2009, Econland Motors produced an automobile that was delivered to a local 25-52 Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. dealership in December 2009. The auto was then sold to Sharon Smith for personal use in February of 2010. Following national income accounting practices, this auto would be counted as part of:
A. Consumption in 2009 and consumption in 2010
B. Consumption in 2009 and investment in 2010
C. Negative investment in 2009 and consumption in 2010
D. Investment in 2009 and negative investment in 2010
D. Investment in 2009 and negative investment in 2010
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Providing basic health care and education for poor countries is cost-prohibitive.
Answer the following statement true (T) or false (F)
The tendency for people who have good health insurance to take more risks with their health is called adverse selection.
Answer the following statement true (T) or false (F)
Countries with surpluses in their balance of payments frequently do not want to see their currencies ________ because it makes their goods ________ expensive abroad
A) appreciate; less B) appreciate; more C) depreciate; less D) depreciate; more
The seven members of the Board of Governors serve 14-year terms to:
a. reduce political influence. b. provide steady employment. c. inhibit independent decisions. d. prevent illegal appointments.