Because of scarcity, we attempt to utilize our resources as efficiently as possible

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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For almost 70 years international trade policies have been governed

A) by the World Trade Organization. B) by the International Monetary Fund. C) by the World. D) by an international treaty known as the General Agreement on Tariffs and Trade (GATT). E) by the North American Free Trade Agreement (NAFTA).

Economics

If inflation is a major issue in the economy, what would be the correct fiscal policy response from an economic perspective? Why would members of Congress be unlikely to support such actions?

Economics