Find examples of scarcity in today's headlines
What will be an ideal response?
A headline in The Sacramento Bee on May 6, 2014 was "Sleep Train Kicks Off Annual ‘Clothing Drive for Foster Kids'." The story points out that these children face scarcity because "foster children typically arrive in a foster home with just the clothes on their back." Accordingly, the charity group Sleep Train is looking for donations to provide foster children with more clothing, which means that the foster family will need to provide less clothing.
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An increase in the public debt would most likely indicate that
A) national saving has increased. B) the budget deficit has increased. C) the budget deficit has decreased. D) the trade deficit has decreased.
Expansionary monetary policy actions will ________ the price of farm commodities
Fill in the blank(s) with correct word
A quota is the same as a voluntary export restraint
Indicate whether the statement is true or false
Sources of economic growth include
a. additional amounts of more highly skilled and educated labor. b. additional amounts of capital. c. new technology. d. All of these.