The primary goal of economic activities is to:
A. equalize the distribution of consumer income and wealth.
B. expand the production of goods and services.
C. make the most efficient use of scarce productive resources.
D. reallocate resources from consumption to production in the economy.
Answer: C
You might also like to view...
As interest rates rise, people tend to hold ______ money; as their incomes rise, people tend to hold ______ money.
Fill in the blank(s) with the appropriate word(s).
If Big Fitness, a large workout facility, offers a discounted membership to college students, this is an example of ________.
A) zero-degree price discrimination B) first-degree price discrimination C) second-degree price discrimination D) third-degree price discrimination
To determine whether an investment makes sense, a business will compute the net present value, and if the result is
A. positive, they will make the investment. B. positive, they will not make the investment unless the interest rate rises. C. positive, they will not make the investment regardless of the change in interest rates. D. negative, they will make the investment.
By 2006 and 2007, foreclosure rates in some previously-booming states, such as Nevada and Colorado, were
A. one hundred times the national average. B. three times the national average. C. roughly equal to the national average. D. still far below the national average.