Rich people who have more money than they know how to spend
A) no longer act under scarcity.
B) no longer need to economize.
C) no longer have to choose to advance one project over another.
D) will still face a scarcity of their time.
D
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Net investment is
A) the same as gross investment. B) gross investment minus depreciation. C) the same as depreciation. D) the same as wealth. E) gross investment plus depreciation.
An organic food manufacturing company has been advertising widely against the consumption of inorganic food. This is an example of ________
A) backward induction B) indoctrination C) anchoring D) sniping
In an open market purchase, the Fed ________ government securities, which ________ bank reserves
A) buys, increases B) buys, decreases C) sells, increases D) sells, decreases
Travel services include purchases of items by residents of one country when they travel to another country
Indicate whether the statement is true or false