People and organizations have to make choices about how to allocate time and money because
a. government requires it
b. corporations control our lives
c. time and money are both scarce
d. religious values conflict with economics
e. there are unlimited resources
C
You might also like to view...
An increase in the price of a good would
a. increase the supply of the good. b. increase the amount purchased by buyers. c. give producers an incentive to produce more. d. decrease both the quantity demanded of the good and the quantity supplied of the good.
Household savings rates:
A. vary enormously across countries. B. seem to be similar for countries within the same continent. C. are impossible to compare across countries. D. are remarkably similar across countries.
Because the process can increase average wages, collective bargaining increases the well-being of all workers.
a. true b. false
________ refers to a firm's ability to raise price without losing all demand for its product.
A. Price discriminating B. Price taking C. Market power D. Price gouging