Economic resources are
A. all the unlimited items that people would purchase with limited income.
B. all the items that people would purchase if they had limited wants.
C. items of value that are used to make other things that satisfy people's wants.
D. the total planned expenditures throughout the nation.
Answer: C
Economics
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Crowd funding can best be described as:
A) raising funds in a very large market B) raising small amounts of money from large numbers of people C) many firms competing for the same source of funds D) making funds available for a large number of business start ups
Economics
Baumol and Blinder offer some reasons why countries trade with each other. List three of the reasons, and give an example of each to illustrate the reason.
What will be an ideal response?
Economics