Finite resources can be
a. renewable or nonrenewable
b. only nonrenewable
c. only renewable
d. neither renewable nor nonrenewable
e. insatiable
A
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________ is the payment received for temporarily giving up the use of money
A) Loan B) Principal C) Interest D) Collateral
It was the rapid and system-wide deleveraging that contributed to the downward spiral of the 2008 financial crisis
a. True b. False.
Which of the following is necessary for the presence of competition in a market?
a. Government regulations that assure firms will make excess profits. b. Suppliers that offer a homogeneous product. c. A price that always equals per-unit production costs. d. Low barriers to entry into the market.
According to Nobel Laureate, Amartya Sen, which of the following measures should not be included in a balanced scorecard for economic growth?
a. Wide-spread access to basic life-sustaining amenities. b. Freedom to pick from a wide range of social and economic choices. c. Better self-esteem through higher standards of living. d. Currency appreciation due to balance of payments surpluses. e. All the above are proper measures in the balanced scorecard approach to growth.