This blends art and science to help explain and chart the most effective and efficient use of scarce resources.
a. finance
b. budgeting
c. economics
d. accounting
e. none of these
c. economics
You might also like to view...
The financing of government spending by issuing debt
A) causes both reserves and the monetary base to rise. B) causes both reserves and the monetary base to decline. C) causes reserves to rise, but the monetary base to decline. D) has no net effect on the monetary base.
Which of the Ten Principles of Economics does welfare economics explain more fully?
a. The cost of something is what you give up to get it. b. Rational people think at the margin. c. Markets are usually a good way to organize economic activity. d. People respond to incentives.
If a market basket was defined in 2014 and it cost $10,000 to purchase the items in that basket in 2014, while it cost $11,000 to purchase those identical goods in 2015, then the base year is
A. 2014. B. 2013. C. 2015. D. none of these.
The IMF's primary role is to identify exchange rate regimes.
a. true b. false