Society faces a trade-off in all of the following situations except
A) when deciding who will receive the goods and services produced.
B) when deciding how goods and services will be produced.
C) when some previously unemployed workers find jobs.
D) when deciding what goods and services will be produced.
C
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The two most comprehensive, widely accepted macroeconomic models are
A) the classical model and the supply-side model. B) the supply-side model and the real business cycle model. C) the classical model and the Keynesian model. D) the Austrian model and the Keynesian model.
An option premium is
A) paid by the short to the long as soon as the option is purchased. B) paid by the long to the short as soon as the option is purchased. C) paid by the long to the short when the option is exercised. D) paid by the short to the long when the option is exercised.
The marginal propensity to consume (MPC) is the change in consumption divided by the change in saving
a. True b. False Indicate whether the statement is true or false
After legislation is signed into law, the time it takes before actual fiscal stimulus is noticed is termed as: a. signal lag
b. implementation lag. c. impact lag. d. recognition lag.