The main reason that finished goods are scarce is that
A. raw material resources are scarce.
B. factories are not operated efficiently.
C. distribution systems are clogged.
D. taxes are destroying work incentives.
E. All of the responses are correct.
Answer: A
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Government-imposed limits on price movements are likely to
A. increase economic efficiency. B. decrease economic efficiency. C. leave economic efficiency unchanged. D. promote economic growth in the economy.
The circular flow model shows the: a. stock of precious metals in a country
b. flow of resources between households and firms. c. stock of money in an economy. d. flow of financial assets in an economy.
If the exchange rate rises, domestic goods become relatively ______ expensive. This change in the affordability of domestic goods makes domestic goods _____ attractive to foreigners. So, _______ ______
Fill in the blank(s) with correct word
Policies focused on lowering interest rates to allow people to buy homes would be considered
A. demand-side policies. B. fiscal policies. C. supply-side policies. D. demand-side and supply-side policies.