Scarcity can be eliminated through
A) the use of market mechanisms.
B) exploration that helps us find new resources.
C) wise use of our resources.
D) None of the above because scarcity cannot be eliminated.
D
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Pierre is French Canadian, and like many Canadians he is experiencing booming good economic times. His good fortune is likely to impact U.S. aggregate demand in what way? a. Positively, because he prefers to make all his purchases in Canada from Canadian firms. b. Negatively, because he prefers to make all his purchases in Canada from Canadian firms. c. Negatively, since we are all members of
North American Free Trade Zone. d. Positively, since he will be in a better position to purchase U.S.-made goods.
According to an economist, which of the following would be an example of investment spending?
a. A firm spending $8 million for the maintenance of 50 recreational parks across its home country b. An individual buying $1 million of stock in a leading software company c. An individual spending $0.5 million in government bonds d. A firm spending $10 million to purchase a new factory