Mattress savings are:
a. used to buy bonds and shares
b. kept in a current account.
c. kept in a savings account.
d. kept on hand and not loaned out or invested.
d
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Roads during the 1800s proved to be a preferred transportation alternative to railroads and thus competed successfully for profits
Indicate whether the statement is true or false
What are some of the criticisms that have been levied on the World Bank and the International Monetary Fund concerning adverse selection and moral hazard?
What will be an ideal response?
Which of the following is NOT an example of a negative externality?
A) inoculation against disease B) pollution C) playing a boom box loudly in a crowded park D) rush hour traffic
One problem with using market values to measure GDP is that
A. prices for some goods change every year. B. market values of exported goods are usually priced in foreign currencies. C. some useful goods and services are not sold in markets. D. you cannot compare completely heterogeneous goods by using their dollar values.