The economizing problem is
What will be an ideal response?
the need to make choices because economic wants exceed economic means.
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Refer to the figure above. When the demand curve for flash drives is D and the supply curve of flash drives is S1, the equilibrium quantity is:
A) 10 units. B) 20 units. C) 40 units. D) 60 units.
The amount of unemployment that arises because workers are temporarily between jobs or new entrants to the labor force is known as
a. structural unemployment. b. cyclical unemployment. c. frictional unemployment. d. induced unemployment.
Capital accumulation causes the production possibilities curve to shift inward over time
a. True b. False Indicate whether the statement is true or false
In response to the severe recession of 2008-2009, the Fed
a. expanded the monetary base and pushed short-term interest rates sharply higher. b. reduced the size of the monetary base and pushed short-term interest rates sharply higher. c. more than doubled the size of the monetary base and pushed short-term interest rates to near zero. d. more than doubled the size of the monetary base and pushed short-term interest rates to a historic high.