Which point would represent an unattainable combination of resources?
A. Point A
B. Point D
C. Point C
D. Point E
A. Point A
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A cash withdrawal reduces deposits, reserves, and excess reserves in the banking system
Indicate whether the statement is true or false
Unlike an internally held public debt, an externally held public debt
a. cannot pass the debt burden on to future generations b. can pass the debt burden on to future generations c. expires upon maturity d. cannot be reduced because foreigners hold the debt e. causes crowding out
Economists are very good at explaining how individual markets work. Economists are less successful at explaining
a. market pricing. b. recessions and inflation. c. central planning. d. business firm profits.
Who from among the following would be classified as out of the labor force?
A. Jack Little, a 21 year old new college graduate actively looking for his first job B. Amanda Pie, a full-time homemaker C. Brenda Smith, an 18 year old college student employed part-time at a fast food restaurant D. Mario Faubert, a NHL hockey player at home sick with the flu