In economics, the term "scarcity" refers to the fact that
a. everything really worthwhile costs money.
b. even in wealthy countries like the United States, some people are poor.
c. no society can produce enough to satisfy fully the desires of people for goods and services.
d. sometimes shortages of a good arise when its price is set below the market equilibrium.
C
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Other issues that exist within the ECB include all of the following, EXCEPT:
A) the level of competence of officials. B) the lack of formal accountability. C) an insistence on consensus decisions, which could cause policy responses to lag. D) too much independence, causing other Eurozone entities to believe they have no voice.
Financial intermediaries are best described as:
a. informal institutions that provide funds to the government to manage budget deficits. b. institutions that accept deposits and make loans. c. institutions that control the money supply in the economy. d. institutions that provide financial aid to foreign countries. e. individuals who manage other's investment portfolios.