Economic information

a. is usually scarce and costly to acquire
b. is usually available free to any decision maker
c. is usually not required for rational decision making
d. must be complete before any decision is made
e. is usually useful only to governments

A

Economics

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Suppose the current real interest rate is 4 percent and the equilibrium real interest rate is 3 percent. Then

A) prices rise and inflation occurs. B) there is a surplus of loanable funds. C) there is a shortage of loanable funds. D) there is neither a shortage nor surplus of loanable funds.

Economics

The point on the production possibilities curve at which an economy will operate is determined by:

A) which point produces the greatest amount of both goods. B) the demands of consumers. C) the absolute prices of the two goods. D) which point requires the fewest resources.

Economics