The supply of a country’s currency arises from its imports and from foreign investment by its own citizens.
Answer the following statement true (T) or false (F)
True
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Economics is the study of decisions made necessary by the problem of unlimited wants and limited means to satisfy them
a. True b. False Indicate whether the statement is true or false
Which of the following goods is least likely to be in a market basket?
A. Helicopter B. Gasoline C. Barbie dolls D. Breakfast cereal
_____ have the ability to recognize constraints and may choose to incur the costs of altering them
a. Economists b. Rational people c. Entrepreneurs d. Research groups
If businesses forecast significant economic growth in the future, they may: a. decrease their investment spending. b. increase their investment spending
c. decrease their consumption spending. d. increase their consumption spending.