Which is true about the means of production?
A. Under capitalism it is privately owned, and under fascism it is owned by the government.
B. Under fascism it is privately owned, and under capitalism it is owned by the government.
C. Under both capitalism and fascism it is owned by the government.
D. Under capitalism and fascism it is privately owned.
D. Under capitalism and fascism it is privately owned.
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Which of the following "magnet countries" has the largest share of immigrants as a percent of its labor force?
A. Australia B. United States C. Canada D. United Kingdom
In the African nation of Senegal, to enroll in school a child needs a Birth Certificate that costs $25 . This price is several weeks' income for many families. Explain how this requirement is likely to affect the growth of human capital in Senegal
What will be an ideal response?
Assume the Treasury borrows $5 billion from the non-bank public and spends it
The effect on bank reserves is that they will __________ by $5 billion when the Treasury borrows and then bank reserves will __________ by $5 billion when the Treasury spends the money. A) rise; fall B) fall; rise C) rise; rise D) fall; fall
Each of the following is an example of moral hazard in which people modify their behavior in an opportunistic way, often frustrating the intent of governmental or management policies. Which is NOT an example of moral hazard?
a. After a firm gets a loan from a bank to purchase inventory, the borrower instead decides to use it to invest in call options on stocks. b. Based on motorcycle accident data, a state passes a law requiring motorcyclists to wear helmet, but then the motorcyclist wearing helmets start to drive faster and more recklessly. c. Bank and nonbank mortgage lenders make money granting loans. But the Government through Freddie Mac and Fannie Mae decides to purchase these loans. The mortgage lenders find that they earn a fee for each mortgage that they grant and then sell to Freddie Mac or Fannie Mae. Since they never intended on holding on to the mortgage, the mortgage granters are not too particular on whether the customer can really pay it back. The lowest quality loans are sold to the Government. d. A fellow buys a $1 million life insurance policy and then travels to Nepal to climb Mount Everest. e. A student learns that if he or she reads the chapter and studies lecture notes, the student does better on the next test.