Economics deals with choices
A. that involve what people only need to survive.
B. that involve the wants of individuals.
C. that people make without self-motivated interest.
D. that people normally do not make.
Answer: B
You might also like to view...
The practice of a group of firms negotiating a uniform price and fixing agreed-upon market share in order to limit competition is
a. legal in all states but illegal in Washington, D.C. b. called conglomerate behavior c. seldom successful because entry into the industry cannot be denied d. called collusion e. less profitable for each firm than maximizing profit individually
When individuals are damaged by an illegal arrangement to restrain trade, which law allows them to pursue civil action and recover up to three times the damages sustained?
a. Trade Damage Act b. Clayton Act c. Sherman Act d. No law allows individuals to pursue civil action and recover up to three times the damages sustained.
The market labor-supply curve has all of the following properties except it:
A. reflects people's willingness to work more when wages are higher. B. is always upward sloping. C. shows the relationship between the price of labor and the quantity supplied. D. shifts with changes in the opportunity cost for work
Which of the following is a reason for the Keynesian view that monetary policy plays a minor role in affecting the economy?
A. The money demand curve is vertical. B. The investment curve is very steep. C. The money demand curve is horizontal at any interest rate. D. the monetary rule