Which of the following does the country of Fuggedaboutit not have to be concerned about?
a. choosing a system of resource ownership
b. allocating resources
c. earning a profit for its owners
d. providing individual incentives
e. answering the three economic questions
C
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What will be an ideal response?
If income is equally distributed, the Gini ratio is zero
Indicate whether the statement is true or false
According to the law of supply, if the price of calculators decrease, the supply of calculators will decrease, everything else held constant
a. True b. False Indicate whether the statement is true or false
Interest payments to the bank from those who have received bank loans are one of the main sources of revenue for a commercial bank
a. True b. False Indicate whether the statement is true or false