During the colonial period, the English permitted both silver and gold to move freely in and out of the colonies
Indicate whether the statement is true or false
False
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Refer to the scenario above. Real GDP of the country has grown by ________
A) 0.2% B) 10% C) 5% D) 20%
Albert, Betty, Christine, and David are all very good students. When they hold their study sessions, they often discuss very difficult concepts in great detail. Christine's roommate, Elizabeth, who takes completely different classes, still learns from the discussions of the others. This is the case of a(n) _______________ which _______________ a _______________
a. public good; benefits; third party b. externality; imposes a cost on; free rider c. market failure; results from; third party d. free rider; benefits from; third party e. externality; benefits; third party
Answer the following statements true (T) or false (F)
1. When there are two candidates on one side of the issues and one candidate on the other side of the issues, it can “split the vote” between supporters of the side with two candidates, handing the election to someone who does not have the support of the majority of voters. 2. A special interest group can pressure legislators to enact public policies that do not benefit society as a whole. 3. Special interests are more likely to arise from a group that is relatively anonymous, rather than from a group where there is already a lot of public scrutiny. 4. The median voter theory argues that politicians will try to match policies to what pleases the majority of voter preferences. 5. The theory of comparative advantage explains that the gains from international trade result from pursuing comparative advantage and producing at a lower opportunity cost.
An increase in the money supply might indicate that the Fed had
a. purchased bonds to increase banks reserves. b. purchased bonds to decrease banks reserves. c. sold bonds to increase banks reserves. d. sold bonds to decrease banks reserves.