The real core of the economic problem is to:
a. increase the amount of leisure time available to people
b. guarantee everyone on the planet a minimum level of food, shelter and clean water.
c. allocate limited resources among competing uses.
d. eliminate scarcity.
c
Economics
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The money multiplier:
A. Is equal to the required reserve ratio times transactions deposits. B. Gets larger as the required reserve ratio increases. C. Is the reciprocal of the required reserve ratio. D. Represents the lending capacity of an individual bank.
Economics
In the United States, the income distribution is shaped like a:
A. square. B. diamond. C. pentagon. D. pyramid.
Economics