In economics, ________ are limited but ________ are unlimited
A) wants; resources
B) resources; wants
C) money; ideas
D) ideas; money
B
Economics
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During the past 70 years, the peak average tariff rate in the United States stemmed from the
A) creation of GATT in the middle of the 1940s. B) Kennedy Administration in the early 1960s. C) Uruguay round of GATT in the 1980s. D) Smoot-Hawley Tariff Act in the early 1930s. E) Clinton-Bush tariff of 2000-2001.
Economics
Total fixed costs decrease as output expands
a. True b. False
Economics