A textbook is an example of:
a. capital. b. a natural resource.
c. labor. d. all of these.
a
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The rapid withdrawal of foreign investment funds from a nation creates
A) an international financial crisis. B) an international funding crisis. C) an international fiscal crisis. D) an international fiduciary crisis.
Which of the following statements is not true with regard to automatic stabilizers? a. The most important automatic stabilizer is the tax system
b. They act as shock absorbers to the economy. c. They require legislative action. d. Automatic stabilizers like government transfer payments change as business cycles conditions change.
In the field of study called political economy, economists make use of insights from the field of psychology
a. True b. False Indicate whether the statement is true or false
The music streaming industry, where a firm's profitability depends on its interactions with other firms, is an example of
A) perfect competition. B) monopolistic competition. C) monopoly. D) oligopoly.