Which of the three stages of economic analysis would include consideration of how each individual's actions affect the options available to others?
a. The first.
b. The second.
c. The third.
d. None, this is not part of economic analysis.
c. The third.
You might also like to view...
Refer to Table 20-12. Consider a simple economy that produces only three products: burritos, flashlights, and golf balls. Use the information in the table to calculate the inflation rate for 2016, as measured by the consumer price index
What will be an ideal response?
Which of the following will be most likely to cause the production possibilities curve for a country to shift inward?
What will be an ideal response?
In ________ the United States Congress created the Federal Trade Commission.
A. 1787 B. 1890 C. 1914 D. 1950
Prior to the establishment of the Federal Reserve System (1913), reserve requirements
(a) limited the banks' ability to lend. (b) did not restrict the amount of paper-money issued by banks. (c) freed banks to create as much money as the market could bear without regard for risk and withdrawal rates. (d) forced banks to place deposits in the national bank.