The study of economics
A) focuses mainly on individual consumers.
B) arises from the fact that our wants exceed available resources.
C) recognizes that scarcity does not affect rich nations.
D) deals mainly with microeconomics.
B
Economics
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The "exotic" mortgage instrument of recent years is exemplified by the
A. "traditional" mortgage. B. "magical-mystery" mortgage. C. "interest-only" mortgage. D. bank mortgage loan.
Economics
High profits in a particular industry indicate that
A. Consumers want more of that industry's goods. B. Consumers are satisfied with the level of production of that industry's goods. C. Consumers want less of that industry's goods. D. Producers are satisfied with the level of production of that industry's goods.
Economics