The basic economic problem is:
a. inflation.
b. unemployment.
c. poverty.
d. scarcity.
e. lack of money.
d
You might also like to view...
A country reports that its inflation rate and unemployment rate have both increased. These changes could be the result of
A) a movement downward along the short-run Phillips curve. B) a movement upward along the short-run Phillips curve. C) a downward shift of the short-run Phillips curve. D) an upward shift of the short-run Phillips curve. E) a leftward shift of the long-run Phillips curve.
Large firms sometimes have manufacturing and development that take place in multiple states. Should they be subject to taxation in every state in which they do business?
What will be an ideal response?
The practice of potential buyers offering lower prices for a product of uncertain quality than they would for a product of certain quality is known as: a. the lemon problem. b. moral hazard
c. external costs. d. None of the above.
Sticky prices can result from all of the following except:
a. market structure. b. long-term contracts between buyers and sellers. c. setting prices on the basis of costs when wages are sticky. d. expansionary monetary policy.