In the economic way of thinking, bald eagles are a scarce good. Thus,
A) the bald eagle population can be maintained at no cost.
B) the bald eagle population should be maintained at any cost.
C) there are substitutes for bald eagles.
D) there are no substitutes for bald eagles.
E) economists don't like bald eagles.
C
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Kevin purchasing concert tickets with his debit card is an example of the ________ function of money
A) medium of exchange B) unit of account C) store of value D) specialization
One reason government deficits do not cause complete crowding out is because:
a. Saving increases by the amount that consumption falls when income changes. b. When the real risk-free interest rate rises, the real money supply rises due to changes in the public's preferred asset ratios (e.g., Cc/D, N/D, and U/D). c. As the real risk-free interest rate rises, government spending automatically rises to pay for the higher interest expenses. d. All the above. e. None of the above.