All centrally planned economies
A) have been political dictatorships.
B) started out as market economies.
C) began as mixed economies.
D) have become mixed economies.
Answer: A
Economics
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Refer to the scenario above. What is the total cost involved if Maria chooses to travel by train?
A) $60 B) $400 C) $420 D) $460
Economics
Which of the following is true about monetary policy in the liquidity trap?
A. An expansion of the money supply will have the large effect of raising interest rates when the economy is in the liquidity trap. B. Monetary policy will be unable to reduce interest rates further to stimulate investment. C. The demand for money is interest-inelastic in the liquidity trap. D. The opportunity cost of holding money is relatively high at interest rates implied by the liquidity trap.
Economics