If a country's income is rapidly increasing it must:
A. have a high level of growth.
B. be well-endowed with natural resources.
C. have a lot of room to expand.
D. have a high level of income.
Answer: A
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The Articles of Confederation (1777–1781) did all of the following except
(a) Tax the colonists to finance the central government (b) Provide a formal means by which the colonists communicated and interacted (c) Granted significant power to the colonial states (d) Required negotiations for funding the War between the leaders of the American Revolution and each colonial state
Antitrust policies are a set of measures which are taken to liberate the economy from unnecessary governmental controls
a. True b. False Indicate whether the statement is true or false
The smaller the amount of short-term money invested in a country, the greater the potential for a crisis if investors lose confidence in the country
a. True b. False Indicate whether the statement is true or false
A street light is
a. rival and exclusive, and therefore is a public good b. nonrival, but since it is exclusive, it is a private good c. exclusive, but since it is nonrival, it is a public good d. nonrival and nonexclusive, and therefore is a public good e. nonrival and nonexclusive, and therefore is a private good