Which of the following is true?
a. Poverty, defined as the lack of a minimum level of consumption, could be potentially eliminated, but scarcity could not.
b. Scarcity could be potentially eliminated but poverty could not
c. Both scarcity and poverty could be potentially eliminated.
d. Neither scarcity nor poverty could be potentially eliminated.
a
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Investment, a key component of aggregate demand, can cause recessions and booms based on fluctuations in its levels
Indicate whether the statement is true or false
Which of the following is not considered a barrier to entry?
a. patents b. government licenses c. economies of scale d. diseconomies of scale e. control over essential resources
In order to reduce market risk associated with bonds held in inventory, a dealer can
A) take a long position in bond futures. B) take a short position in bond futures. C) purchase bonds at the mark-to-market settlement price. D) use settlement by offset procedures.
An expansionary monetary policy is always capable of boosting aggregate investment
a. True b. False Indicate whether the statement is true or false