Because human wants are insatiable and unlimited while available resources are limited, people are said to face the problem of
A) microeconomics.
B) social interest versus self-interest.
C) macroeconomics.
D) why to produce.
E) scarcity.
E
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Commitment devices:
A. need strong commitments that are hard to get out of in order to be successful. B. are never strong commitments that are hard to get out of. C. can be successful whether they have strong or weak commitments. D. are only successful if they are weak commitments that are easy to change.
Each person is always better off choosing not to pay for a public good because of the free rider problem
a. True b. False Indicate whether the statement is true or false
Describe the monetary policy known as inflation targeting. What are the three major issues that surround this practice?
Which of the following would cause the demand for computer programmers to increase?
a. an increase in the productivity of computer programmers b. a reduction in the price of a competitive input that can be substituted for computer programmers c. a decline in the productivity of computer programmers d. an increase in the wages of computer programmers due to legislative action (that is, the establishment of a price floor for computer programmers)