A good or service is said to be scarce when:
a. its price is too low.
b. it is offered only to high income earners.
c. no one wishes to purchase it.
d. it cannot be transported easily.
e. at a price of zero, there is not enough to satisfy everyone's desire for it.
e
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Answer the next question based on the information given in the following table.EmploymentTotal ProductProduct Price00$3112322233303436354036423If the firm is hiring workers under purely competitive conditions at a wage rate of $22, it will employ
A. 1 worker. B. 2 workers. C. 3 workers. D. 4 workers.
The following questions are about mutual funds:
i. What are index funds? ii. What is an expense ratio? How do expense ratios affect the value of an investor's portfolio?
The North American Free Trade Agreement
a. is an example of the unilateral approach to free trade. b. eliminated tariffs on imports to North America from the rest of the world. c. reduced trade restrictions among Canada, Mexico and the United States. d. All of the above are correct.
The data lag is the time between
A) the implementation of a policy and when the impact of the policy is felt. B) the enactment of a policy and the implementation of the policy. C) realizing a policy is needed and enacting the policy. D) the occurrence of an event and policymakers realizing the event has occurred.