Economics could be defined as the study of scarcity
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
In the 1960s, advocates of the Phillips curve suggested ________
A) an "optimal" goal of 1% unemployment and 1% to 2% inflation rates could be achieved B) a "realistic" goal of 7% unemployment and 6% to 7% inflation rates could be achieved C) a "nonperfectionist" goal of 3% unemployment and 4% to 5% inflation rates could be achieved D) all of the above E) none of the above
Economics
During Prohibition crime ____ and the amount spent on law enforcement ____
a. stayed roughly the same; remained level b. increased dramatically; more than doubled c. remained level; more than doubled d. decreased slightly; more than doubled
Economics