A groundhog seeing his shadow before six weeks of wintry weather shows ______.
a. ceteris paribus
b. composition
c. correlation
d. causation
c. correlation
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The figure above shows Sam's budget line. The vertical intercept of Sam's budget line is equal to
A) the quantity of coffee purchased if zero gasoline is purchased. B) Pc/Y. C) the quantity of gasoline purchased if zero coffee is purchased. D) Pg/Y.
Interest rate ceilings resulted in great profitability for banks in the 1970s
a. True b. False Indicate whether the statement is true or false
The age distribution within the population of a country can have a considerable impact on the economy and the _____________ of living.
a. standard b. duration c. cost d. modality
A socialist economy is characterized by
A. an extensive reliance on markets to allocate final goods and services. B. an extensive reliance on the profit motive to govern resource allocation decisions. C. elimination of the problem of scarcity since all basic necessities are available to all citizens. D. public ownership of productive resources.