Which of the following is a root cause behind competition inherent in every society?
a. Unlimited wants of the people
b. People's desire to acquire goods and services for free
c. Scarcity of goods and services
d. Genetic makeup of people
C
Economics
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The AD curve shows the sum of
A) the price level, employment, and real GDP. B) consumption expenditure, investment, and real GDP. C) consumption expenditure, investment, government expenditures on goods and services, and net exports. D) consumption expenditure, investment, the price level, and real GDP.
Economics
The ratio of U.S. government spending to GDP reached its peak during:
a. World War I. b. World War II. c. the Great Depression. d. the real estate crisis. e. the bursting of the stock market bubble.
Economics