Those goods produced by the economic system that are used as inputs in the production of future goods and services are known as capital.
Answer the following statement true (T) or false (F)
True
Economics
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Inferior goods have negative income elasticities
a. True b. False Indicate whether the statement is true or false
Economics
Indexing reduces the ability for relative price changes to allocate resources where they are more valuable
a. True b. False Indicate whether the statement is true or false
Economics
Human beings
A) have unlimited wants.
B) think they have unlimited wants, but really have limited needs.
C) have limited wants, but unlimited needs.
D) know what their needs are, but do not know what their wants are.
Economics
The government program that provides aid to families in need is
A) TANF. B) Social Security program. C) Supplemental Security Income program. D) Earned Income Tax Credit.
Economics