The key concept that serves as the basis for the study of economics is:
A. unemployment.
B. scarcity.
C. opportunity cost.
D. money.
Answer: B
Economics
You might also like to view...
As long as the actual market price exceeds the equilibrium market price, there will be:
A) downward pressure on the market price. B) upward pressure on the market price. C) no purchases made. D) Both A and C are correct. E) Both B and C are correct.
Economics
As the price level rises, people feel wealthier and aggregate demand increases
Indicate whether the statement is true or false
Economics
Instrumental variables requires that the variable not be correlated with the outcome variable.
A. True B. False C. Uncertain
Economics
Who was a proponent of bureaucracy?
a. max weber b. abraham maslow c. douglas mcgregor d. frank gilbreth
Economics