The study of economics
A. is a very narrow endeavor.
B. is a way of analyzing decision-making processes caused by scarcity.
C. focuses on how a business should function.
D. is concerned with proving that capitalism is better than socialism.
B. is a way of analyzing decision-making processes caused by scarcity.
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The key link between the twin deficits involves: a. higher interest rates and a stronger dollar
b. lower interest rates and a stronger dollar. c. higher interest rates and a weaker dollar. d. lower interest rates and larger trade deficits e. higher interest rates leading to more exports.
In reality, commercial banks function most like ____ of the district Federal Reserve Banks
a. stockholders b. regulators c. customers d. competitors
"Minimum wage laws result in unemployment" is a normative statement, while "the minimum wage should be higher" is a positive statement
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 26.5 below to answer the question(s) that follow.
Figure 26.5Refer to Figure 26.5. As a result of ________, the equilibrium interest rate increases and the equilibrium output level increases.
A. a decrease in the price level B. a decrease in government spending C. an increase in the price level D. an increase in government spending