Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to fall the same and monetary base to rise.
b. Demand for real goods and services to rise and M2 money supply to rise.
c. Demand for real goods and services to rise and M2 money multiplier to remain the same.
d. Demand for real goods and services to remain the same and M2 money supply to remain the same.
.C
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A country will likely experience an increase in poverty if
A) its population decreases over time. B) its real GDP per person growth rate increases over time. C) it does not receive foreign aid. D) its inflation rate decreases or slows over time. E) its real GDP growth rate decreases or slows over time.
What is a prisoner's dilemma?
A) a game in which players act in rational, self-interested ways that leave everyone worse off B) a game that involves no dominant strategies C) a game in which players collude to outfox authorities D) a game in which prisoners are stumped because they cannot communicate with each other
When a single individual performs all the steps involved in the production process he/she incurs:
a. the costs of labor division. b. the costs of being a generalist. c. the cost of specialization. d. the costs of over-utilization of resources.
When there is a price ceiling there will be
A. a shortage. B. a surplus. C. either a shortage or a surplus. D. neither a shortage nor a surplus.