A principle that economists emphasize is that the ____ of decision makers are always limited
a. ideas
b. goals
c. resources
d. opportunities
e. offices
c
Economics
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When oligopolists make joint decisions concerning their prices and output levels, they are
a. a natural oligopoly b. colluding c. a duopoly d. a homogeneous oligopoly e. practicing bilateralism
Economics
All of the following are transfer payments except
a. welfare payments. b. unemployment compensation. c. personal income taxes. d. Social Security.
Economics
Markets in which firms sell their output of goods and services are called:
a. Product markets b. Command markets c. Mixed markets d. Resource markets
Economics
The Masstricht treaty set the budget ratio to GDP to be ________ in order for countries to qualify to join the Euro area
A) below 3% B) below 4% C) below 5% D) below 6%
Economics