Just as resources are scarce for the individual,
a. they are also scarce for the economy as a whole
b. they are never scarce for the economy as a whole
c. they are randomly abundant for other individuals
d. there will be zero resources available for the economy as a whole
e. the economy a whole is never faced with having to make rational choices about using resources
A
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The Supplemental Security Income (SSI) program focuses on the poor who are sick or disabled
a. True b. False Indicate whether the statement is true or false
You earn $500 a month, currently have $200 in currency, $100 in your checking account, $2,000 in your savings accounts, $3,000 worth of illiquid assets and $1,000 of debt. Using the M1 measure of money, you have
A) money = $2,300, annual income = $6,000, and wealth = $5,000. B) money = $300, annual income = $6,000, and wealth = $4,300. C) money = $200, annual income = $500, and wealth = $4,300. D) money = $300, annual income = $6,000, and wealth = $5,000.