Scarce resources give rise to the concept of
A. laissez-faire.
B. positive economics.
C. efficient markets.
D. opportunity costs.
Answer: D
Economics
You might also like to view...
Why do corporate boards of directors sometimes link top managers' compensation to the corporations' stock prices? How might tying compensation too closely to stock prices create an incentive for corporate fraud
What will be an ideal response?
Economics
A flat IS curve implies that
A) an increase in money supply will change output by a relatively small amount. B) a decrease in taxes will change output by a relatively large amount. C) changes in money supply will have large multiplier effects on output. D) A and B.
Economics