Scarcity means we are unable to have as much as we would like to have
a. True
b. False
Indicate whether the statement is true or false
True
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One type of demander in the loanable funds market
A) lends funds to purchase financial capital. B) lends funds to purchase physical capital. C) wants physical capital in order to purchase financial capital. D) wants funds to purchase financial capital. E) wants funds to purchase physical capital.
When total output, income, employment, and trade decline for 6 to 12 months, the economy is in what part of the business cycle?
What will be an ideal response?
If the producer surplus in a market for a good is $36 and the consumer surplus in the market for the same good is $9, the social surplus in the market is ________
A) $4 B) $27 C) $45 D) $324
Government expenditures as a share of the U.S. economy are:
a. the largest in the world. b. the smallest in the world. c. smaller than most Western European countries. d. larger than Canada, France, and the United Kingdom but slightly smaller than Germany and Italy.