Should regular saving be an item in your personal budget?
A) No, it is not necessary to save as long as you have the borrowing power to deal with unexpected expenditures.
B) Yes, regular saving for both unexpected emergency expenses and big-ticket items like the down payment for a house will increase your financial security.
C) Yes, but when you are young, it only makes sense to save for big-ticket items like a car or a European vacation.
D) No, you can always start saving in the future when you have a larger income.
B) Yes, regular saving for both unexpected emergency expenses and big-ticket items like the down payment for a house will increase your financial security.
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Suppose in the country of Jumanji that the price of coffee with no trade allowed is below the world price of coffee. If Jumanji allows free trade, will Jumanji be an importer or an exporter of coffee?
Because resources are scarce relative to wants, the study of economics concerns
A. how money is important to people. B. how money is used to buy what people want. C. how individuals, businesses, and governments make choices. D. None of these are correct.
The Federal Open Market Committee is responsible for
A. Providing central banking services to individual banks. B. Check cashing services for large corporations. C. Determining broad Fed policy. D. The Fed's daily activity in financial markets.
Business cycles all display the following characteristics except
A) a period of expansion followed by one of contraction. B) comovement of many economic variables. C) rising prices during an expansion and falling prices during the contraction. D) they last a period of one to twelve years.