Who answers the key economic questions in a centrally planned government?
(A) Government
(B) Firms
(C) Consumers
(D) Households
Ans: (C) Consumers
Economics
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What is the basic motive for asset trade?
A) the belief that large risks will lead to large returns B) restoration of the balance of payments C) portfolio unification D) economic stability E) increase expected returns and reduced risk
Economics
Most economists believe that the aggregate supply curve is
A) upward-sloping in the short run, but vertical in the long run. B) upward-sloping in the long run, but vertical in the short run. C) upward-sloping in both the short run and in the long run. D) vertical in both the short run and in the long run.
Economics