Scarcity means we must
A) consume less.
B) produce less.
C) make choices.
D) earn more.
E) work more.
C
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The nominal interest rate is determined in the
A) bond market. B) stock market. C) exchange market. D) money market.
Import controls in Mexico ____________
a. will ease the pressure on Mexico's foreign exchange reserves if its exchange rate is fixed b. are illegal c. reduce tariffs d. are designed to float the exchange rate e. reduce quotas
Which of the following situations represents an economic problem?
a) A student trying to decide how to spend his weekly allowance. b) A country choosing to sacrifice some privacy in order to gain more security. c) Neither situation is an example of an economic problem. d) Both situations are examples of an economic problem.
Which of the following is not a category of fiscal policy?
A. government policies regarding taxation B. government policies regarding transfer payments and welfare benefits C. government policies regarding money supply in the economy D. government policies regarding the purchase of goods and services