The four factors of production (or types of resources) are
A. labor, capital, technology, and entrepreneurial ability.
B. land, labor, capital, and entrepreneurial ability.
C. labor, capital, entrepreneurial ability, and money.
D. land, labor, capital, and money.
Answer: B
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When the Fed wants to increase the US money supply, it will order the US Mint to print more currency
a. true b. false
Long-term bonds are
a. riskier than short-term bonds, and so interest rates on long-term bonds are usually lower than interest rates on short-term bonds. b. riskier than short-term bonds, and so interest rates on long-term bonds are usually higher than interest rates on short-term bonds. c. less risky than short-term bonds, and so interest rates on long-term bonds are usually lower than interest rates on short-term bonds. d. less risky than short-term bonds, and so interest rates on long-term bonds are usually higher than interest rates on short-term bonds.