In 2006, hurricanes damaged many parts of Texas, destroying homes, businesses, schools, and infrastructure. In strictly economic terminology, these hurricanes are said to have caused
A) scarcity, because the damages made food and shelter scarce.
B) scarcity, because some goods were difficult to get.
C) shortages, because supplies were cut off and goods were destroyed.
D) tradeoffs, because some areas of the country were damaged when others were not.
C
Economics
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Several factors are important for achieving faster economic growth. Which of the following is one of those factors?
A) expansion of international trade B) increased government expenditure C) increased taxes on saving D) promotion of consumption expenditure
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Rent controls mean that tenants end up with the best possible housing choices over the long run
a. True b. False
Economics