According to the economic way of thinking, scarcity implies
A) money.
B) competition.
C) capitalism.
D) chaos.
E) all of the above.
B
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Georg, a German citizen, just purchased 10 shares of stock in Microsoft, a U.S. company. This purchase is an example of
A) foreign public investment. B) foreign direct investment. C) contractual globalization. D) foreign portfolio investment.
When gold production was low in the 1870s and 1880s, the money supply grew ________ causing ________
A) rapidly; inflation B) rapidly; disinflation C) slowly; deflation D) slowly; disinflation
Other things equal, the currency price of U.S. dollars in terms of foreign currency is negatively related to foreign demand for U.S. goods and services
a. True b. False Indicate whether the statement is true or false
Microeconomics is the branch of economics in which you study inflation and unemployment in the economy
a. True b. False Indicate whether the statement is true or false