Which of the following items would be least prudent to purchase on credit
A) a college education
B) a vacation
C) a house
D) an automobile
B) a vacation
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A price ceiling can result in which of the following?
A) inefficiency B) black markets C) increased search activities D) All of the above answers are correct.
A concern about long-run economic growth was important in economics:
A. from the time of John M. Keynes and his General Theory. B. from the time of Karl Marx and his Das Kapital. C. only since the 1970s. D. from the time of Adam Smith and his The Wealth of Nations.
An import quota
A. is a legislative requirement stating that firms which import some of their merchandise must hire a certain number of immigrant workers. B. is a price ceiling imposed on an imported good. C. is a supply restriction limiting the quantity of a good that can be imported. D. is a price floor imposed on an imported good.
What is the Council of Economic Advisers?
What will be an ideal response?