Which of the following statements is false?
A) There are always opportunity costs to making choices.
B) Because of scarcity, choices must be made.
C) Elementary education at public schools is free.
D) When government builds a new highway, taxpayers end up with less of some of the things they would otherwise have.
C
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Which of the following is a depository institution?
a. An insurance company b. A credit union c. A finance company d. A pension fund e. A stock market
One possible cure for the trade deficit is protectionism
a. True b. False Indicate whether the statement is true or false
To change the definition of demand to the definition of supply, all we would need to do is change the word _____ to _____.
Fill in the blank(s) with the appropriate word(s).
During the current quarter, a firm produces consumer goods and adds some of those goods to its inventory rather than selling them. The value of the goods added to inventory is
a. not included in the current quarter GDP. b. included in the current quarter GDP as investment. c. included in the current quarter GDP as consumption. d. included in the current quarter GDP as a statistical discrepancy.