In the economic way of thinking, information is a scarce economic good because
A) people need more information.
B) modern-day capitalism turned information into a tradable commodity.
C) it is valuable, and there are opportunity costs to get it.
D) a political conspiracy limits its production to keep citizens uninformed.
C
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Which of the following is an example of foreign portfolio investment?
A) the purchase of a U.S. mutual fund by a U.S. citizen B) the purchase of a Japanese factory by a Korean citizen C) the purchase of a U.S. stock by a U.S. citizen D) the purchase of a U.S. Treasury bond by a German citizen
Refer to the above figure. Suppose the government imposes a minimum wage rate of $20.00 per hour. This will likely result in
A) a surplus of labor. B) a shortage of labor. C) an equilibrium in the labor market. D) an increase in the demand for labor.