Economics is primarily the study of
a. how to make money in the stock market.
b. how to find lower cost methods of production.
c. the choices we must make among alternatives because of scarcity.
d. the proper form of industrial structure for the United States.
C
You might also like to view...
Which type of investor is most likely to have a diversified portfolio?
A) risk averse B) risk loving C) risk neutral D) risk tolerant
GDP provides substantial information about an economy's income distribution
a. True b. False Indicate whether the statement is true or false
How is economic growth shown by the production possibilities curve?
A. by moving the curve to the left B. by changing the shape of the curve from a straight line to one that is bowed C. by moving up the existing curve D. by shifting the curve to the right
If a nation has a current account deficit and it does not have to make any inpayments or outpayments of official reserves, it must have a:
A. surplus in its capital and financial account. B. balance of payments deficit. C. balance of payments surplus. D. deficit in its capital and financial account.