| 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
|