Comparing the United States economy in the 1920s with the economy in the 1990s, all of the following were similar EXCEPT
A. both decades had strong economic expansion.
B. both decades had soaring stock markets.
C. both decades had rapid technological progress.
D. both decades had the federal government take a laissez-faire approach to the economy.
D. both decades had the federal government take a laissez-faire approach to the economy.
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Today, the dollar is worth 1.15 euros. Due to changes in economic conditions, people expect that the dollar will be worth 1.20 euros in the next month. This belief
A) increases the demand for dollars. B) decreases the demand for dollars. C) increases the demand for euros. D) increases the value of exports to Europe.
If taxes are reduced, will most people save more or less than before? Does national saving rise or fall? Explain
What will be an ideal response?
If an economy's population grows at 3 percent and national income grows at 2 percent, then
a. per capita income is declining b. the economy's standard of living is increasing c. per capita income is negative d. per capita income is growing e. human capital is declining
Real estate is property, which can be either a tangible or an intangible asset. Which of the following would be considered an intangible asset?
A. Land B. Building C. Mortgage D. Fence