Because resources are scarce relative to wants, the study of economics concerns
A. how money is important to people.
B. how money is used to buy what people want.
C. how individuals, businesses, and governments make choices.
D. None of these are correct.
Answer: C
You might also like to view...
Which of the following is TRUE about exchange rates?
A) They should not be volatile because they will determine the economic climate. B) They are generally more volatile than stock prices. C) They are more volatile than several underlying factors that move them such as money supplies and fiscal variables. D) They should be volatile because to correct price signals they adjust quickly in response to economic news, but they are generally less volatile than stock prices. E) They never overreact to economic news.
Everything else held constant, when prices in the art market become more uncertain
A) the demand curve for bonds shifts to the left and the interest rate rises. B) the demand curve for bonds shifts to the left and the interest rate falls. C) the demand curve for bonds shifts to the right and the interest rate falls. D) the supply curve for bonds shifts to the right and the interest rate falls.
"Equilibrium" is a situation in which there are no inherent forces to produce change
a. True b. False Indicate whether the statement is true or false
Who decides what portion of the money supply will be held as currency in circulation?
a. The Treasury b. The central bank c. The banking system d. The non-bank public e. All the above.