Scarce good
What will be an ideal response?
Not so abundant in nature that you can get all you want
*Commands a price
Economics
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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