The video on pencil production emphasized which of the following points about markets?
A) The price system is critical to markets functioning
B) Production of a simple item is a complex, decentralized network
C) No single person directs the entire production process of pencils
D) all of the above
Answer: D) all of the above
Economics
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One intention of deposit insurance is to reduce the danger of
a. excess lending. b. excess profits. c. risky lending. d. bank runs. e. All of the above are correct.
Economics
In June of 2010, the government had a debt of about $8.6 trillion. Over the next year real GDP grew by about 1.6% and inflation was about 2%. What is the largest deficit the government could have run over this time without raising the debt-to-GDP ratio?
a. about $68.8 billion b. about $137.6 billion c. about $275.2 billion d. about $309.6 billion
Economics