Economics is a study of
A) how to make money in the stock market.
B) how to run a business successfully.
C) the allocation of scarce resources.
D) personal finance.
C
You might also like to view...
One way to achieve faster growth in GDP per person is to increase the
A) number of women working in the home rather than in the workforce. B) growth rate of the quantity of money. C) growth rate of human capital. D) growth rate of the population. E) limits on international trade in order to keep more of total spending on domestically produced goods.
Government always makes individuals better off when it removes them from a prisoner's dilemma setting.
Answer the following statement true (T) or false (F)
If the exchange rate is equal to the ratio of the domestic and foreign price indexes,
A) absolute PPP holds. B) relative PPP holds. C) one currency is said to be overvalued. D) one currency is said to be undervalued.
A nation's account with the International Monetary Fund is known as
A) a quota subscription. B) monetary deposits. C) monetary rights. D) international reserves.