What is society's economic problem
What will be an ideal response?
how to manage its scarce resources to satisfy its unlimited wants, how to allocate resources efficiently
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The coupon rate is equal to the annual coupon payment
A. divided by the face value of the bond. B. divided by the price paid for the bond. C. multiplied by the price paid for the bond. D. divided by the current market value of the bond.
Why specialize?
A) because assigning each worker a variety of tasks makes her more productive B) It usually increases productivity. C) to decrease our dependence on each other D) There is no economic rationale for specialization.
Karen, Tara, and Chelsea each buy ice cream and paperback novels to enjoy on hot summer days. Ice cream costs $5 per gallon, and paperback novels cost $8 each. Karen has a budget of $80, Tara has a budget of $60, and Chelsea has a budget of $40 to spend on ice cream and paperback novels. Who can afford to purchase 8 gallons of ice cream and 5 paperback novels?
a. Karen, Tara, and Chelsea b. Karen only c. Tara and Chelsea but not Karen d. none of the women
Which of the following will not shift the aggregate demand curve to the left?
A. Consumers become more optimistic about the future. B. Government spending decreases. C. Business optimism decreases. D. Consumers become pessimistic about the future.