Which of the following observations regarding economic goods is incorrect?
a. They are limited in supply
b. They are desirable.
c. They are solely low-priced essential goods.
d. They are scarce goods created from scarce resources
c
Economics
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The following figure introduces the relationship between industrial production and wholesale price index changes between the years 1929-1935. What is the purpose of the following figure?
What will be an ideal response?
Economics
Ball found that an important factor affecting the sacrifice ratio is
A) the flexibility of the labor market. B) the shape of the yield curve. C) the real interest rate. D) the tightness of fiscal policy.
Economics