According to your text, the central economic task for a society is
A) to eliminate scarcity.
B) to assure every household gets what it needs.
C) to secure cooperation among people in using what is available to obtain what is wanted.
D) to train enough economists to ensure supplies of goods and services will successfully continue to meet demands for goods and services in the future.
C
Economics
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Suppose a country's debt rises by 6% and its GDP rises by 5%. What happens to the debt-GDP ratio?
A) It rises if there is a budget deficit that period. B) It falls. C) It rises. D) There is insufficient information to answer the question.
Economics
The income level below which families are considered to be in poverty is the
a. minimum income b. negative income c. poverty ratio d. poverty threshold e. standard of living
Economics