The statement, "If a deal is too good to be true, then it probably is not true," is most closely related to which core economic principle?
A. The Cost-Benefit Principle
B. The No-Cash-on-the-Table Principle
C. The Scarcity Principle
D. The Low-Hanging Fruit principle
Answer: B
Economics
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A nation's saving equals its ________ income less its spending on ________.
A. nominal; investment B. real; investment C. current; current needs D. nominal; net taxes
Economics
If the government decreases the income tax rate, then:
A. aggregate supply curve with shift to the right. B. aggregate demand will shift left. C. aggregate demand will shift right. D. GDP will decrease.
Economics