Scarcity is
A) a situation of shortage after a hurricane.
B) a permanent human condition relative to the nearly limitless nature of human desires.
C) represented by long lines at stores.
D) the same thing as poverty.
B
Economics
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Suppose that there is a balance of trade in both the United States and Canada. Then, the U.S. dollar appreciates against the Canadian dollar. What would the likely outcome be?
(A) A trade deficit in both countries. (B) A trade surplus in the United States. (C) A trade deficit in Canada. (D) A trade surplus in Canada.
Economics
An expansionary gap creates labor shortage that eventually results in a higher nominal wage and a lower price level
Indicate whether the statement is true or false
Economics