Are all goods economic goods? Are all economic goods also goods? Explain
What will be an ideal response?
Not all goods are economic goods. Economic goods are a subset of all goods, and are produced from scarce resources. Sunlight is an example of a good that is not an economic good. Hence, the answer to the second question is "yes."
Economics
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The discount window is
A) another name for the discount rate. B) the means by which the Fed makes discount loans to banks. C) the spread between the discount rate and the T-bill rate. D) the period each month during which banks are allowed to apply for discount loans.
Economics
Perfect competition requires that three conditions be satisfied
a. True b. False Indicate whether the statement is true or false
Economics