In a planned economy, the means of production are owned by private individuals.
a. true
b. false
Answer: b. false
Economics
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A theory is a(n)
a. answer to a problem. b. way to explain the result an economist wants. c. tool to help determine the answer to a problem. d. a graph.
Economics
Refer to the accompanying figure. The opportunity cost of producing one bushel of wheat is:
A. 500 bushels of corn. B. ½ of a bushel of corn. C. 1,000 bushels of corn. D. 2 bushels of corn.
Economics
The one major sport to have lost an entire season to a work stoppage was
A. baseball. B. football. C. hockey. D. NASCAR.
Economics
The formula 
is the
A. federal funds rate. B. potential money multiplier. C. actual change in the money supply. D. discount rate.
Economics