Institutional barriers that impede human and physical capital investment are known as
A. The human capital effect.
B. An illiteracy trap.
C. The discouraged worker gap.
D. An inequality trap.
Answer: D
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The largest portion of discretionary spending is devoted to
A) foreign aid. B) national defense. C) paying federal employees. D) the space program.
One requirement for an effective nominal anchor is ________
A) price stability B) credibility C) fixed exchange rates D) rational expectations
In general, the larger the price elasticity:
a. the smaller the responsiveness of price to changes in quantity. b. the smaller the responsiveness of quantity to changes in price. c. the larger the responsiveness of price to changes in quantity. d. the larger the responsiveness of quantity to changes in price.
The Board of Governors of the Federal Reserve System has
a. six members. b. seven members. c. one member from each Federal Reserve Bank. d. twenty members.