Economics, generally speaking, is primarily concerned with:
A) the operation of the bond and stock markets.
B) the issues of income inequality or income equality.
C) how people choose among the alternatives available to them.
D) ceteris paribus, the scientific method, and the margin.
Ans: C) how people choose among the alternatives available to them.
You might also like to view...
Sandra has been working as a software engineer for five years and Jack has been working as a software engineer for two years. Which of the following statements is true of Sandra and Jack?
A) Sandra is likely to earn lower wages than Jack. B) Sandra is likely to earn the same wage as Jack. C) Sandra is likely to be more productive at work than Jack. D) Sandra is likely to be equally productivity at work as Jack.
An implication of the efficient markets hypothesis is that
A) only sophisticated investors will be able to earn above-normal profits from financial investments. B) above-normal profits are available only to major traders. C) above-normal profits will be eliminated in the trading process. D) unless he or she acts recklessly, the average investor should be able to make above-normal profits.
The federal deficit ________ in 2006 and 2007, and ________ in 2008.
A. increased; decreased B. increased, increased further C. decreased; increased D. decreased; decreased further
?Historically, there are three stages of economic? development: the ______ stage, the ________ stage, and the________ ?stage, when a large part of the workforce is employed in providing services.
Fill in the blank(s) with the appropriate word(s).