There was an economic depression in the U.S in 1893 that some people blamed on the gold standard
Indicate whether the statement is true or false
True
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Which of the following is not always correct for a closed economy?
a. National saving equals private saving plus public saving. b. Net exports equal zero. c. Real GDP measures both income and expenditures. d. Private saving equals investment.
If the Federal Reserve wished to decrease interest rates using open market operations, it would
A. buy gold. B. buy U.S. government securities. C. buy corporate stocks. D. sell U.S. government securities.
In which market structures is the firm able to earn long-run economic profits?
A) perfect competition and monopolistic competition B) monopolistic competition and oligopoly C) oligopoly and monopoly D) monopolistic competition, oligopoly and monopoly
Ownership of a scarce factor of production is the barrier to entry which primarily accounts for the monopoly of
A. social sites like Facebook. B. state lotteries. C. utility companies. D. the DeBeers' diamond syndicate.