An economic system is the organizations and methods used to determine:
a. what goods and services are produced.
b. how goods and services are produced.
c. for whom goods and services are produced.
d. all of these.
d
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Which of the following statements about the distribution of physicians among specialties is true in the United States?
a. The majority of physicians specialize in general/family practice. b. There are twice as many generalists as there are specialists. c. There are twice as many specialists as there are generalists. d. The specialty distribution in the U.S. is similar to that of the rest of the world. e. None of the above.
The Army Corps of Engineers has been accused of acting on the basis of a so-called "edifice complex."
a. True b. False Indicate whether the statement is true or false
If a rent control policy is enacted to protect apartment renters, this is likely to lead to
A. an increase in the supply of apartments. B. rise in the number of households looking for rental units. C. increased investment in rental properties. D. the conversion of office buildings to rental apartments.
If the interest rate is 8 percent, then the present discounted value of $100 to be received two years from now is closest to
A. $116.00. B. $86.00. C. $96.00. D. $128.00.