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Old 04-06-2008, 04:44 AM
Donnie Brasco Donnie Brasco is offline
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Economics questions only 5 multiple choice?

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
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