Borrowing from other countries can lead to economic growth
Indicate whether the statement is true or false
TRUE
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Adam Smith noted that people are adept at pursuing their own self-interests, and that ____ harnesses this self-interest remarkably well.
A. a totalitarian regime B. a market system C. a democratic government D. a closed system
Business cycles can be described best as
(a) being pervasive during the antebellum period but their effects were isolated to the private sector. (b) being pervasive during the antebellum period but their effects were isolated to the public sector. (c) being pervasive during the antebellum period and their effects were felt both in the private and public sectors. (d) uncommon during the antebellum period but their effects were felt significantly when present.
When marginal utility of consuming a good is zero, total utility is:
A. zero. B. decreasing. C. increasing. D. at its maximum.
Which of the following best describes aggregate expenditure?
What will be an ideal response?