Economics:
A. is the science of the rich.
B. has nothing to do with the allocation of resources.
C. exists because of scarcity.
D. is not related to decision making.
Answer: C
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The largest share of federal government tax receipts is derived from
A) corporate income taxes. B) excise taxes. C) social insurance contributions. D) individual income taxes.
The bigger the money multiplier is the:
A. smaller the reserve ratio must be. B. less a bank can loan out. C. less money is created in the economy. D. greater the amount of private demand for loans.
World Wide Delivery Service Corporation develops a way to speed up its deliveries and reduce its costs. We would expect that this would
a. raise the demand for existing shares of the stock, causing the price to rise. b. decrease the demand for existing shares of the stock, causing the price to fall. c. raise the supply of the existing shares of stock, causing the price to rise. d. raise the supply of the existing shares of stock, causing the price to fall.
Special interest groups are usually
A) well informed on all political issues. B) well informed on all economic issues. C) well informed on issues of interest to them. D) not well informed on any issues, but appear to be.