When an employee at a grocery store scans the price of your items, bags the groceries, and collects your paper, the individual has provided

A) physical capital.
B) entrepreneurship.
C) a service.
D) land.


Ans: C) a service.

Economics

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In the figure above, an economy would grow fastest if it produces at point

A) A. B) B. C) C. D) D.

Economics

If the fractional reserve system were to cease to exist, the banking system would be able to create money

Indicate whether the statement is true or false

Economics

an inflation rate in excess of 200%, lasting at least one year

What will be an ideal response?

Economics

An economic ________ refers to either an upturn or a downturn in the economy.

A. stagnation B. model C. fluctuation D. chain index

Economics