The money supply changes if:
a. Oil and other natural resource prices rise.
b. GDP rises.
c. A nation's preferred asset ratios change.
d. The domestic currency depreciates.
.C
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Many low-income countries are unable to provide a fertile climate for domestic economic growth and to attract foreign investment because
a. they lack sufficient natural resources. b. their populations are self-sufficient. c. they lack economic and legal stability. d. they are located in difficult to access regions.
Which of the following constitutes a barrier limiting the entry of potential competitors into a market?
a. diseconomies of scale b. an elastic market demand for the product produced by the industry c. control over an essential resource d. a perfectly elastic demand curve
When a rare skill contributes to the production of something that consumers value highly the:
A. value of the marginal product is high. B. marginal cost per unit is low. C. total product is high. D. marginal product is high.
Federal Reserve notes are
A. both an asset and a liability to the Federal Reserve System. B. a liability of the Federal Reserve System. C. a liability to the United States Treasury. D. an asset to the Federal Reserve System.