Your scarcity problem would disappear if you were rich
a. True
b. False
Indicate whether the statement is true or false
False
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A government decision to privatize a sector of the economy formerly operated by the government is an example of ________ policy.
A. aggregation B. monetary C. structural D. fiscal
The table below shows the daily production potential of two workers if they devote all their time to making either pizza or wings. Who has the absolute advantage at producing pizzas?
What will be an ideal response?
The national debt is unlikely to cause national bankruptcy because the:
a. national debt can be refinanced by issuing new bonds. b. interest on the public debt equals GDP. c. national debt cannot be shifted to future generations for repayment. d. federal government cannot refinance the outstanding national debt.
Game theory analysis of oligopolistic behavior suggests that oligopolists will benefit from collusion.
Answer the following statement true (T) or false (F)