More specialization in a market economy generally leads to the more efficient use of its resources.
Answer the following statement true (T) or false (F)
True
You might also like to view...
If the marginal propensity to consume is 0.8 and if government spending (G) rises by 50 while investment (I) falls by 20, by how much will equilibrium income rise?
a. 12 b. 10 c. 30 d. 120 e. 150
The relationship between the interest rate and the asset demand for money is
A) positive. B) inverse. C) positive sometimes and inverse other times. D) nonexistent.
In which case did the U.S. Supreme Court's review powers extend to actions by the other two branches of the federal government and not merely to the laws of the states?
(a) Marbury v. Madison (1803) (b) McCulloch v. Maryland (1819) (c) Gibbons v. Ogden (1824) (d) Dartmouth College v. Woodward (1819)
Credit cards such as Visa and Mastercard are
a. money because they serve as a medium of exchange: it's much like "if it looks like a duck, walks like a duck, and quacks like a duck . . . it's a duck!" b. money because they are issued by financial institutions, such as banks, and are accepted almost everywhere in place of currency c. accepted by merchants as if they were money, and therefore they are money d. as liquid as currency, and therefore they are money e. convenient but not money because what you are really using when you use a card is your checking account which is the money