Scarcity is a temporary state of insufficiency that ends with new innovation
Indicate whether the statement is true or false
F
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According to the theory of the invisible hand, if buyers and sellers are free to pursue their own self-interest, the result often will be:
A. an equitable allocation of resources. B. an incomplete allocation of resources. C. an efficient allocation of resources. D. the exploitation of productive resources.
Which of the following is a determinant of Investment spending?
A. Disposable income B. Expected future income C. Expected profitability D. Real Income
If a country's exports were 500 billion pesos and its imports were 300 billion pesos, what would its trade balance be?
________ is an example of a public good.
A. Chemotherapy B. An American Airlines jet C. A Starbucks grande latté D. Police protection