single working mother
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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.
