The Case in Point on the Simpsons indicated that time is:
A) a scarce resource.
B) a resource without alternative uses.
C) a ubiquitous resource.
D) not a resource.
Ans: A) a scarce resource.
Economics
You might also like to view...
If it costs $6.00 to go to the movies and $25.00 to go to a hockey game, Tom is maximizing his utility between movies and hockey if his marginal utility of movies is 12 units and his marginal utility from hockey is 50
Indicate whether the statement is true or false
Economics
Which of the following policies can be adopted by the Fed in order to stimulate an economy in the short run?
a. Increase the market interest rate b. Purchase U.S. government securities c. Increase the discount rate d. Increase the price of consumer goods e. Increase the required reserve ratio
Economics