Scarce good

What will be an ideal response?


Not so abundant in nature that you can get all you want
*Commands a price

Economics

You might also like to view...

Gross public debt minus all government interagency borrowing is

A) government budget deficit. B) an entitlement. C) U.S. Treasury bonds. D) net public debt.

Economics

If the quantity of a product demanded is greater than the quantity of a product supplied, there is pressure in the market to push the price downward

Indicate whether the statement is true or false

Economics

How does political corruption differ from bureaucratic corruption?

What will be an ideal response?

Economics

Most corporations do not pay back their debt

a. True b. False

Economics