Which nation listed below is successfully transitioning from a planned economy to a hybrid market economy?
A. People’s Republic of China
B. Japan
C. United Kingdom
D. United States
Answer: A
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Everything else held constant, if interest rates are expected to fall in the future, the demand for long-term bonds today ________ and the demand curve shifts to the ________
A) rises; right B) rises; left C) falls; right D) falls; left
Which of the following statements is supported by the research of economic historians?
(a) Canals and railroads were built with a mixture of private and public enterprise and financing. (b) Canals and railroads were built largely without U.S. government participation. (c) Canals were built with public assistance, but railroads were built with almost no government assistance. (d) Railroads were built with public assistance, but canals were built by private enterprise.
The Fed prefers to change its interest rate target only rarely because
a. those targets affect productivity in the labor force b. a fluctuating stock and bond market signals a recession c. interest rates are greatly overrated as a measure of economic performance d. it is so difficult to do so e. the changes destabilize the financial markets
Why are universal standards for minimum wages and hours worked difficult to agree on?
What will be an ideal response?