Which among the following is an example of "economizing" behavior?
A) A ski resort owner who is deciding whether or not to remain in operation during a season with abnormally low snowfall
B) The board of directors of a major bank who are considering opening new branches in a neighboring state
C) The planning committee of a conservative church parish, which is considering the reintroduction of the Post-Tridentine, Latin-language mass
D) A family comparing the costs of a vacation in the mountains to the cost of a vacation at the beach
E) All of the above.
E
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Opponents of indexing fear that it will lead to a(n)
a. acceleration of inflation. b. abrupt reduction of the money supply. c. shortfall of tax revenues, and increased budget deficits. d. unfair wealth transfer to debtors.
Resources are
A) unlimited. B) able to be replicated in large quantities. C) what people would buy if their income was unlimited. D) used to produce goods and services to satisfy people's wants.