Another term for "economic models" is
A. economic systems.
B. economic institutions.
C. economic theories.
D. economic science.
Answer: C
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Use the above table. We can infer from the table that when real disposable income is $175
A) APC = 0.80. B) APC = 0.09. C) APC = 0.91. D) APC = 0.20.
The most frequently used tool of U.S. monetary policy is
a. the discount rate. b. the reserve requirement. c. open-market operations. d. moral suasion.
England has a relatively cool and cloudy climate that is ill suited for grape growing. It can produce 200 units of wine for every 400 units of cloth. Portugal, in contrast, has a relatively warm and sunny climate that is good for growing grapes. It can produce 200 units of wine for every 100 units of cloth. Which country has the higher opportunity cost of producing cloth?
A. England: 2 units of wine for every unit of cloth B. England: 1/2 unit of cloth for every unit of wine C. Portugal: 2 units of wine for every unit of cloth D. Portugal: 1/2 unit of wine for every unit of cloth
Households receive bonds when they
A. purchase a share of ownership in firms. B. sell shares of a firm's stock. C. borrow money from financial institutions. D. lend money directly to firms.