The primary purpose of economics is to understand how people make

A) money.
B) goods and services.
C) choices.
D) a comfortable living.


C

Economics

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Growth in the United States from 1800 to 1900 can be characterized as

A) positive and increasing. B) negative. C) positive and flat. D) positive and decreasing.

Economics

If a firm sets marginal revenue equal to marginal cost, it will make an economic profit

Indicate whether the statement is true or false

Economics

Suppose a new EU member begins substituting its imports from non-EU members to other EU members. This is an example of

A) trade diversion. B) trade deflection. C) free trade. D) trade detection.

Economics

An embargo is a prohibition against trading particular goods.

Answer the following statement true (T) or false (F)

Economics