Economics is the study of how society manages its
a. limited wants and unlimited resources.
b. unlimited wants and unlimited resources.
c. limited wants and limited resources.
d. unlimited wants and limited resources.
d
You might also like to view...
Suppose the natural rate of unemployment is 5%, with full-employment output of $7000 billion. Use Okun's Law to calculate the level of national output if the unemployment rate is 7%
What will be an ideal response?
Pair-wise majority voting eliminates which problem?
A. Majority options problem B. Swing-vote problem C. Misalignment problem D. Third party problem
Which of the following cannot be a factor that gives it a competitive advantage?
A) a patent B) reproducible capabilities C) a brand name D) distinctive capabilities
Countries should specialize and import goods in which they have a comparative disadvantage
a. True b. False Indicate whether the statement is true or false