10 out of 60?

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


6: During the 1870-1920 period the industrialized nations set up _______, with one of the last being the Federal Reserve in 1913.
credit unions
gold reserves
central banking systems
private banking systems


7: When used as part of a commodity money system, which of the following is not a function of paper currency?
to reduce the danger of transporting gold
to reduce the possibility of debasement of coins
to avoid the reduction in circulating medium to hoarding and losses
to avoid the decrease in value of precious stones


8: The gold standard, in theory, limits the power of governments to cause _______ by excessive issue of paper currency.
price inflation
unemployment
wealth and poverty
stagflation


9: The Mundell-Fleming Model describes the behavior of ______ under a gold standard.
the economy
stocks and bonds
currencies
all of the above


10: Approximately ____ of all above-ground gold is held in reserves by central banks.
10%
25%
50%
85%

Answer:
1: The two main Ingredients of the U.S. Economy are:

natural resources and labor



2: The gross domestic product measures the total _____ of goods and services in a given year.

output


3: The American free enterprise system emphasizes:

private ownership
4: _______, the benefit from printing money.


Seignorage



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

6: During the 1870-1920 period the industrialized nations set up _______, with one of the last being the Federal Reserve in 1913.

central banking systems



7: When used as part of a commodity money system, which of the following is not a function of paper currency?

to avoid the decrease in value of precious stones


8: The gold standard, in theory, limits the power of governments to cause _______ by excessive issue of paper currency.
price inflation


9: The Mundell-Fleming Model describes the behavior of ______ under a gold standard.

all of the above


10: Approximately ____ of all above-ground gold is held in reserves by central banks.
10%
This forum is not a good way to get people to do your homework. In my view, you would have better success in getting help, if you asked specific questions about things that you don't understand.
I've done quite enough of your homework... get to work on choosing best answers for your questions then maybe someone will be interested in helping you out. If you keep this up in this section you'll likely find yourself banned and then you'll be stuck doing it yourself. I am quite happy that you are out of points... thankfully we can get to something else.

The answers post by the user, for information only, FunQA.com does not guarantee the right.



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