The expression, "There's no such thing as free lunch" implies that

What will be an ideal response?


costs are incurred when resources are used to produce goods and services

Economics

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If the currency drain ratio is 30 percent and the desired reserve ratio is 10 percent, the money multiplier is

A) 0.80. B) 1.25. C) 3.25. D) 5.00. E) 10.0.

Economics

A country is categorized as a low-income economy by the World Bank if its per capita income is below:

a. $1,000. b. $100. c. $10,000. d. $50. e. $5,000.

Economics

In the housing market, if a rent ceiling of $600.00 is imposed when the equilibrium rent is $500.00, why will nothing change?

What will be an ideal response?

Economics

In a competitive market, there are a ________ number of buyers and a ________ number of sellers

A) large; small B) small; large C) small; small D) large; large

Economics