Households acquire property through
A. inheritance only.
B. savings and inheritance.
C. supplying labor in the labor market.
D. savings only.
Answer: B
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Education at a private university is NOT a pure public good because it is
A) nonrival. B) excludable. C) both nonrival and nonexcludable. D) None of the above answers is correct.
Evidence suggests that emergency care services are normal goods
a. True b. False Indicate whether the statement is true or false
Suppose the Fed sells $100 million of U.S. securities to the public. If the reserve requirement is 20 percent, the currency holdings of the public are unchanged, and banks have zero excess reserves both before and after the transaction, the total impact on the money supply will be a
a. $100 million decrease. b. $500 million increase. c. $500 million decrease. d. $100 million increase.
The world's largest exporter (measured in total dollar volume, 2011) is:
A. the United States. B. China. C. Japan. D. Germany.