Tuesday, July 7, 2009

History help..?

single working mother



please help me finish this..



thank you so much



best answer ten points



1: The two main Ingredients of the U.S. Economy are:



natural resources and land



land and labor



natural resources and labor



land and money



2: The gross domestic product measures the total _____ of goods and services in a given year.



sale



output



profit



import



3: The American free enterprise system emphasizes:



public ownership



private ownership



both public and private ownership



not enough information



4: _______, the benefit from printing money.



Sovereignty



Seignorage



Seniority



None of the above



5: A policy is referred to as _______ if it reduces the size of the money supply or raises the interest rate. An _______ policy increases the size of the money supply, or decreases the interest rate.



contractionary, expansionary



expansionary, contractionary



fiscal, monetary



monetary, fiscal



6: During the 1870-1920 period the industrialized nations set up _______, with one of the last being the Federal Reserve in 1913.



credit unions



gold reserves



central banking systems



private banking systems



7: When used as part of a commodity money system, which of the following is not a function of paper currency?



to reduce the danger of transporting gold



to reduce the possibility of debasement of coins



to avoid the reduction in circulating medium to hoarding and losses



to avoid the decrease in value of precious stones



8: The gold standard, in theory, limits the power of governments to cause _______ by excessive issue of paper currency.



price inflation



unemployment



wealth and poverty



stagflation



9: The Mundell-Fleming Model describes the behavior of ______ under a gold standard.



the economy



stocks and bonds



currencies



all of the above



10: Approximately ____ of all above-ground gold is held in reserves by central banks.



10%



25%



50%



85%



11: In the United States, the Federal Reserve can only directly set the discount rate; it engages in open market operations to alter the federal funds rate.



True



False



.



.



12: The United States is often described as a %26quot;command%26quot; economy.



True



False



.



.



13: When products become more expensive over time, deflation is occurring.



True



False



.



.



14: Profit is also known as net income.



True



False



.



.



15: A currency board is a monetary authority which is required to maintain an exchange rate with a foreign currency.



True



False



.



.



16: Wholesale is the purchase of individual items at a higher price, whereas retail is the purchase of large quantities of goods at a lower price.



True



False



.



.



17: The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold.



True



False



.



.



18: Monetary policy is the economic term which describes the actions of a government in setting the level of public expenditure and how that expenditure is funded. It contrasts with fiscal policy, which describes the policies about the supply of money to the economy.



True



False



.



.



19: In 1997, the wealthiest one-fifth of American families accounted for 47.2 percent of the nation%26#039;s income.



True



False



.



.



20: The antitrust law seeks to strengthen market forces so that direct regulation is unnecessary.



True



False



.



Answer 4



History help..?small business loans





1.



2.Output



3.private ownership



4



5



6.central banking system



7



8.price inflation



9



10



11



12. false



13.false



14



15



16.false



17.false



18.

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