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best answer ten points
40: ________ is an economic policy or doctrine that opposes government interference in or regulation of business or commerce beyond what is necessary for a free-enterprise system to regulate itself.
Communism
Laissez-faire
Fiscal policy
Free-enterprise policy
41: Which of the following is not a method that corporations use to raise capital?
issuing bonds or preferred stock
selling common stock
borrowing and using profits
selling goods and services directly to the public
42: Monetary base is defined as:
currency in circulation.
currency in circulation plus foreign debts owed.
currency in circulation plus banks' required and excess deposits at the central bank.
bank's required and excess deposits at the central bank.
43: 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
44: Governments spend money on a wide variety of things. Which of the following is not a way in which these expenditures can be funded?
Taxation of the population
Seignorage, the benefit from printing money
Borrowing money from another country, resulting in a foreign deficit
Borrowing money from the population, resulting in a fiscal deficit
45: When products become more expensive over time, ______ is occurring.
deflation
inflation
stagflation
none of the above
46: A(n) _____ is an economic disadvantage, such as lower efficiency or higher costs.
diseconomy
noneconomy
net loss
unexpected loss
47: Keynesian economics is an economic theory based on the ideas of 20th century British economist John Maynard Keynes. Keynesian economics promotes a ________, where both the state and the private sector play an important role.
fixed economy
mixed economy
socialist economy
communist economy
48: Because economics is a study of ______, it deals with incentives and their consequences.
cause and effect
profits and losses
wealth and social status
money and will power
49: In 1652, the _______ became the first American colony to make coins.
Roanoke Colony
Plymouth Colony
Massachusetts Bay Colony
New Hampshire Colony
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