Which of the following statements is true?
A) All economic agents are necessarily individuals.
B) A worker who shirks work is not an economic agent.
C) A government is an example of an economic agent.
D) A street gang is not an economic agent.
C
You might also like to view...
The decisions of firms and households are
A) coordinated by but not totally controlled by the government. B) made independently of one another. C) controlled by but not totally coordinated by the government. D) coordinated by markets. E) unexplainable by the circular flow model.
The above figure shows a graph of the market for pizzas in a large town. No pizzas will be demanded unless price is less than
A) $0. B) $5. C) $12. D) $14.
Which of the following is true about the Bitcoin:
a. Bitcoin transactions are not cleared through clearing houses, such as Mt. Gox. b. Bitcoin has a fixed exchange rate relative to the U.S. dollar and other currencies. c. A Bitcoin can be purchased and sold via foreign exchange dealers, just like the dollar or euro. d. Bitcoin transactions are highly visible and, therefore, taxable events.
The entire group of buyers and sellers of a particular good or service makes up:
A. the demand curve. B. the equilibrium price and quantity. C. the supply curve. D. a market.