Scarcity is a problem:
A. measured by the amount of goods available.
B. of the poor, but not the rich.
C. because human wants are unlimited while resources are limited.
D. only in industrialized economies.
Answer: C
You might also like to view...
Refer to Figure 4-3. What area represents producer surplus at the equilibrium price of P1?
A) D + E B) D + E + G + H C) A + B + C + D + E D) A + B + D
Which of the following statements about inflation targeting is true?
A) Inflation targeting would not reduce the flexibility of monetary policy to address other policy goals. B) Inflation targeting by the central banks in other countries has not typically lowered inflation. C) Inflation targeting would make it easier for households and firms to form accurate expectations of future inflation, improving their planning and the efficiency of the economy. D) Inflation targeting would not allow the central bank the flexibility to take action against a severe recession.
A(n)_______ is a numeric value assigned to credit habits, bill paying, and history
a. FICO Score b. Annual percentage score c. Financial Score d. FDIC Score
The rate of unemployment is calculated as the number of
A. people in the civilian labor force divided by the number of unemployed. B. unemployed workers divided by the number of employed workers. C. employed workers divided by the number of unemployed workers. D. unemployed divided by the number of people in the civilian labor force.