Another description for capitalism is:
a. The socialist economy
b. The market system
c. The system of inputs and outputs
d. The command system
b. The market system
You might also like to view...
Figure 3-23
Refer to . The movement from point A to point B on the graph would be caused by
a.
an increase in price.
b.
a decrease in price.
c.
a decrease in the price of a substitute good.
d.
an increase in income.
Suppose that Argentina's dollar-denominated external assets and liabilities are $10 billion and $100 billion, respectively, and its Argentine peso-denominated external assets and liabilities are each 50 billion pesos (P). Suppose further that Argentina fixes its exchange rate at P1 = $US1. What is the peso value of Argentina's total external wealth?
A) -60 billion pesos B) -150 billion pesos C) -0 billion pesos D) -90 billion pesos
If e-books begin to be the most popular form of textbooks, it is
A. likely to increase costs to students. B. in the best interests of publishers and authors. C. likely to be self-defeating for publishers. D. in the best interests of traditional book stores.
During which phase of the business cycle would there most likely be shortages of workers in certain skill areas?
A. Expansion B. Peak C. Trough D. Contraction