Scarcity means that
A) what we can produce with our resources is greater than our material wants.
B) resources are unlimited.
C) wants are greater than what we can produce with our resources.
D) governments must make up for shortages in resources.
E) choices made in self-interest cannot be the same as those made in the social interest.
C
Economics
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Monetary policy has one clear advantage over fiscal policy by virtue of its very short
A) data lag. B) data and recognition lags. C) legislative and transmissions lags. D) effectiveness lag.
Economics
If the coupon-rate of a particular bond increases:
a. the supply of the bond increases. b. the price of the bond declines. c. the demand for the bond declines. d. the supply of the bond decreases. e. the demand for the bond increases.
Economics