Economics questions only 5 multiple choice?

[Donnie Brasco]

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

[nowittyname4me]

1. Natural Resources and Labor
http://usinfo.state.gov/products/pubs/oecon/chap2.htm
Scroll down to "Basic Ingredients of the U.S. Economy"

2. Output
http://64.233.167.104/search?q=cache:eGz74Oi-5foJ:usinfo.state.gov/products/pubs/oecon/chap2.htm+%22The+gross+domestic+product+measures+t he+%22+%22goods+and+services+in+a+given+year.+%22& hl=en&ct=clnk&cd=1&gl=us
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3. Private ownership
On the same page as the last one, next paragraph

4. Seignorage
http://www.google.com/search?hl=en&q=define%3ASeignorage&btnG=Google+Sea rch

5. contractionary,expansionary
http://64.233.167.104/search?q=cache:Jdze2CO6JqoJ:www.associatedcontent. com/article/73594/how_government_fiscal_policy_differs.html+%22if+it +reduces+the+size+of+the+money+supply+or+raises+th e+interest+rate.%22&hl=en&ct=clnk&cd=2&gl=us
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