The total value of all outstanding federal government securities is called
A) the budget deficit. B) crowding out. C) the public debt. D) the trade deficit.
C
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If the institutions in an economy change from being extractive to inclusive, the return-to-entrepreneurship schedule in the economy will:
A) become vertical. B) shift leftward. C) become horizontal. D) shift rightward.
If a stock's dividend is expected to grow at a constant rate of 4 percent in the future
and it has just paid a dividend of $6.00 per share, and you have an alternative investment of equal risk that will earn a 7 percent rate of return, what would you be willing to pay per share for this stock? A) $6.66 B) $54.55 C) $200.00 D) $208.00
The invisible hand refers to
A. Intervention in the economy by the government bureaucrats we do not see and over whom we have no control. B. The person who has the responsibility to coordinate all the markets in a market economy. C. Undiscovered natural resources. D. The allocation of resources by market forces.
Which statement is not consistent with the law of supply?
A. More of a good will be supplied, the higher the price, other things constant. B. Quantity supplied of a good is inversely related to the good's price. C. Quantity supplied of a good is directly related to the good's price. D. Less of a good will be supplied, the lower the price, other things constant.