Refer to Table 19-5. The value of each automobile in gross domestic product equals

Financial panics characterized by depositor "runs" and consequent bank failures have not occurred in the United States since the 1930s primarily because

A) commercial banks now hold larger reserves. B) the Federal Deposit Insurance Corporation has reduced the fears of depositors. C) we have abandoned the gold standard. D) we have had no major recessions since the 1930s.

Goods that can be bought in any quantity desired are called

A) divisible goods. B) indivisible goods. C) invisible goods. D) inferior goods.