Which of the following would not be a central issue in economics?
a. Who produces the goods?
b. How is production carried out?
c. Who consumes what?
d. What goods are produced?
e. When are goods consumed and produced?
E
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The Great Recession that started in 2007 was triggered by shocks in which of the following economic sectors?
A. consumer and government spending B. real estate and financial markets C. international trade and foreign exchange markets D. gold market and stock market
What is the difference between decreasing marginal returns and negative marginal returns?
What will be an ideal response?
Define logrolling. Explain why logrolling often results in legislation that benefits the economic interests of a few, while harming the interests of a larger group of people
What will be an ideal response?
Dividends are
A. bonuses given to managers of corporations, to ensure that the managers perform in the way that stockholders want. B. taxes on the profits of corporations. C. the portion of a corporation's profits that are distributed to stockholders. D. the portion of a corporation's revenues that are distributed to bondholders.