Which of the following is one of the basic questions used by economists to break down problems?
A. What are the wants and constraints of those involved?
B. How will individuals feel about the change?
C. Why has the market failed?
D. Economists don't ask any of these questions.
A. What are the wants and constraints of those involved?
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What will be an ideal response?
Qualitatively, an increase in government purchases has the same impact as an increase in autonomous ________
A) consumption B) investment C) net exports D) all of the above E) none of the above
A tax on sellers increases supply
a. True b. False Indicate whether the statement is true or false
The federal funds rate is a long-term interest rate banks charge one another for loans
a. True b. False Indicate whether the statement is true or false