Which of the following is considered an economic resource?
A. The ice cream that kids buy at the ice cream parlor
B. The HD-TV sets in people's homes
C. The land that is designated as national parks by the government
D. shoppers buying stuff at the mall
Answer: C
Economics
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How is a production possibilities curve similar to a budget constraint?
What will be an ideal response?
Economics
Suppose the federal funds rate is 5 percent. If the Fed decides to increase the target for the federal funds rate from 5 percent to 6 percent, it could take:
A. an offensive action and reduce reserve requirements. B. an offensive action and raise reserve requirements. C. a defensive action and raise reserve requirements. D. a defensive action and reduce reserve requirements.
Economics