What are the three basic questions faced by every economy?
a. What, how, and for whom will goods be produced?
b. When, where, and how much will be produced?
c. Why, where, and when will goods be produced?
d. How, how much, and why will goods be produced?
A
Economics
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From 1945 until 1973, the U.S. economy experienced ________
A) rapid inflation B) no major recessions or depressions C) minimal interaction with the global economy D) all of the above E) none of the above
Economics
When a tax is placed on a product, the price paid by buyers
a. rises, and the price received by sellers rises. b. rises, and the price received by sellers falls. c. falls, and the price received by sellers rises. d. falls, and the price received by sellers falls.
Economics