The scarcity of a good can be reduced only by
What will be an ideal response?
either increasing its availability or reducing its desirability.
Economics
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If the rate of exchange for a pound is $4, the rate of exchange for the dollar is ________.
A. $0.25 B. 4 pounds C. 1/4 pound D. $1.00
Economics
Social Security is an earmarked tax
a. True b. False
Economics
The money supply contracts when the Fed
a. replaces old worn-out notes and bills. b. borrows from the Treasury. c. sells government securities. d. purchases stocks from corporate businesses.
Economics
GDP consistently measures the output of goods and services in all countries.
Answer the following statement true (T) or false (F)
Economics