An imaginary situation in which people have no knowledge of what their place in society is to be is?
A. first position
B. start position
C. original position
D. pole position
C. original position
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Which of the following would lead to a depreciating dollar?
A. A higher federal deficit B. Lower interest rates C. Higher interest rates D. Contractionary monetary policy
Figure 4.3 illustrates the demand for tacos. An increase in price of tacos would bring about a movement from
A) point a to point c. B) point c to point a. C) D2 to D0. D) D0 to D1.
In economic terms, what is achieved when the economy gets the most out of its scarce resources?
a. equilibrium b. specialization c. efficiency d. advantage
Refer to the information provided in Figure 6.5 below to answer the question(s) that follow.
Figure 6.5Refer to Figure 6.5. Molly's budget constraint is CD. Molly's income is $200, the price of a DVD is $7.50 and the price of a CD is $10. At point C, she is buying ________ DVDs and ________ CDs.
A. 0; 20 B. 40; 30 C. 20; 0 D. 20; 15