Scarcity applies to both the rich and the poor

Indicate whether the statement is true or false


TRUE

Economics

You might also like to view...

Which of the following is an allowable deduction?

A. Unreimbursed medical expenses that exceed 7.5% of AGI B. State and local income and property taxes C. Interest on qualified education loans up to a certain limit D. All of the answer options are correct.

Economics

Minimum wages:

A) benefit all workers. B) are usually set below equilibrium wages. C) can reduce wage rigidity. D) can increase unemployment.

Economics

Which of these variables is not a variable in the equation for the asset market equilibrium condition?

A) Saving B) Expected rate of inflation C) Real interest rate D) Real income

Economics

Under which chair did the Fed implement the policy of inflation targeting?

A) Volcker B) Bernanke C) Greenspan D) Geithner

Economics