Scarcity means
a. unlimited wants and unlimited available resources.
b. unlimited wants and limited available resources.
c. limited wants and limited available resources.
d. limited wants and unlimited available resources.
b. unlimited wants and limited available resources.
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Which of the following statements is NOT true about inflation?
A) Inflation is a sustained increase in the average prices of goods in the economy. B) During an inflationary period, the prices of some goods will increase while the price of some goods will decrease. C) When there is inflation, the purchasing power of a dollar decreases. D) During an inflationary period, the prices of all goods will increase.
Which of the following is a factor that would increase the demand for physician visits for allergies?
A. An increase in pollen B. A reduction in the copay from $25 to $20 C. An increase in the price of over-the-counter allergy medicines D. All of the above
International capital flows increase the power of monetary policy.
Answer the following statement true (T) or false (F)
When deciding where to locate, businesses _____
a. will always locate in the lowest tax area b. pay no attention to property taxes c. might move to a high property tax area if local amenities are good d. will always locate closest to their customer base