Ex-London School of Economics student Mick Jagger sang, "You can't always get what you want, but if you try sometime, you just might find you can get what you need." Another statement of the basic economic principle expressed in this lyric is that
a. rational decisions are not always possible.
b. you can allocate your resources to what gives you the highest value.
c. you can create the supply to meet your own demand.
d. you can maximize social welfare by making optimal decisions.
b
Economics
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Which of the three functions of money are commonly met by each of the following assets in the U.S. economy?
a. paper dollar b. precious metals c. collectibles such as baseball cards, stamps, and antiques
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Measured between two points on a curve, the ratio of the change in the variable on the vertical axis to the change in the variable on the horizontal axis is the:
A. axis. B. slope. C. dependent curve. D. independent curve.
Economics