Which of the following is not a limitation a person faces when shopping for clothes?
a. The amount of time available to shop
b. The person's budget
c. The various styles that are available
d. The selection of stores
e. The freedom to make rational choices
e
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In the figure above, the United States ________ helicopters per year
A) exports 480 B) exports 720 C) imports 480 D) imports 240
Escape from the vicious cycle of poverty usually involves
a. assigning people to specific economic activities b. increasing the percentage of income that is saved c. highly sophisticated technology d. all of the above e. none of the above
A positive "price surprise" will result in a
A) leftward shift in the short-run SAS curve. B) leftward shift in the short-run AD curve. C) rightward shift in the short-run AD curve. D) rightward shift in the short-run SAS curve.
Economics is
a. a discipline in the physical sciences b. a field that deals exclusively with normative issues c. a field that deals exclusively with positive issues d. only useful for examining behavior in capitalist economies e. a discipline that focuses on how choices are made in society