Which of the following is true of economics?
a. It deals with the study of the functioning and development of human society.
b. It deals with the study of states and the systems of government in those states.
c. It deals with the study of the evolution of human society
d. It deals with the study of how scarce resources are allotted.
d
You might also like to view...
Suppose that in the future, real GDP per person grows 2 percent a year in the United States and 4 percent a year in China. It will take real GDP per person approximately ________ years to double in the United States and approximately ________ years to double in China.
A) 35; 8.75 B) 35; 17.5 C) 20; 10 D) 50; 25 E) 70; 35
In the United States, the unemployment rate for women is roughly the same as the unemployment rate for men
a. True b. False Indicate whether the statement is true or false
Providing unemployment insurance is one way a government can:
A. break up monopolies. B. enforce rules of exchange. C. create public-works programs. D. reduce economic uncertainty.
What did the Federal Reserve do during the financial crisis of 2008 and 2009?
What will be an ideal response?