The economy of Atlantis produces just ten goods and services; if it were a money economy there would be _____ prices; if it were a barter economy there would be _____ prices.
A. less than 10; 10
B. 10; 10
C. 10; less than 10
D. 10; more than 10
A. less than 10; 10
B. 10; 10
C. 10; less than 10
D. 10; more than 10
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Which of the following factors would be most likely to encourage investment and capital formation in a less-developed nation?
a. High and variable rates of inflation. b. Tariffs and quotas that restrict international trade. c. A legal system that provides for secure property rights and evenhanded enforcement of contracts. d. High marginal tax rates.
Which of the following is NOT included in the MZM definition of money?
A) currency.
B) money market funds.
C) travelers checks.
D) small-denomination time deposits.
As general business conditions deteriorate, all other factors constant:
A. bond prices will decrease. B. the supply of bonds will increase. C. the demand for bonds will decrease. D. bond yields will increase.
(amounts in billions of dollars)
According to the above table, net domestic product is
A. $11,811 billion. B. $12,531 billion. C. $11,892 billion. D. $11,998 billion.