A society must make three sorts of decision: what goods to produce, how to produce them, and how to distribute them
a. True
b. False
Indicate whether the statement is true or false
True
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Since the 1960s, most U.S. foreign aid has been administered through the:
a. United States Agency for International Development. b. United Nations. c. United States Treasury. d. United States Agency for Foreign Intervention.
The opportunity cost of housing =
What will be an ideal response?
International capital flows are:
A. sales of domestic goods or services to foreigners. B. purchases of foreign goods or services. C. purchases or sales of real and financial assets across international borders. D. exports plus imports.
Which of the following is an example of a "how much" decision?
A) Dinah's Diner is only open for breakfast and lunch. Dinah is trying to decide whether to open for dinner as well. B) Zander has torn up his front yard and is debating whether to plant grass or install a rock garden. C) You received a nice birthday check from your grandmother and are deciding on whether to spend it on a trip to New York or a trip to San Francisco. D) Sergio quit his job to go back to school full time.