From the economic point of view, why might a sophomore in college spend a great deal of time getting to know an attractive classmate rather than getting to know the issues behind the president's deficit-reduction policies?
A) She is selfish.
B) She considers it a more productive use of her time.
C) She obviously has no interest in politics.
D) The federal budget deficit cannot possibly affect her life.
B
Economics
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Economic growth is defined as
A) an increase in the nation's population. B) a sustained expansion of production possibilities. C) an increase in the wage rate. D) a decrease in the rate of inflation. E) an increase in employment.
Economics
An increase in demand will increase the quantity sold but not the price in a market if:
a. supply is perfectly elastic b. supply is perfectly inelastic c. supply is relatively elastic d. supply is relatively inelastic
Economics