To say that "there is a scarcity of gold" means that:
a. gold prices will plummet.
b. there is not enough gold to satisfy people's demand.
c. there are a very few substitutes for gold.
d. gold is relatively less expensive than other metals.
e. the demand for gold is changing.
b
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Some economists believe that the Asian crisis in 1997
A) could have been avoided if stronger action had been taken by major countries and international agencies. B) was inevitable since most of the economies were experiencing slow economic growth. C) was made worse by the refusal of the IMF to take any actions. D) was necessary to rid those economies of inflation.
A person's ________ indicate her willingness to expose others to risk and that she is doing it for ________
A) actions; her own benefit B) actions; society's benefit C) finances; her own benefit D) finances; society's benefit
In the aggregate demand and supply model, the:
A. aggregate supply curve is horizontal at full-employment real GDP. B. vertical axis measures real GDP. C. vertical axis measures the overall price level. D. horizontal axis measures the overall price level.
Public employees (more frequently than private employees) tend to have their retirements in
A. private savings plans. B. defined contribution programs. C. defined benefit pension programs. D. Ponzi schemes.