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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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
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
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
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