Economics is the study of

a. how to start a business
b. how to make money in stocks, bonds, and real estate
c. choice under conditions of abundance
d. choice under conditions of scarcity
e. multinational business

D

Economics

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Net public debt is

A) the excess of annual tax revenues over annual government spending. B) the sum owed by the public to keep the Social Security system afloat. C) the portion of government debt held by private individuals and firms. D) the excess of annual government spending over annual tax revenues.

Economics

The way in which a corporation is structured and the impact a corporation's structure has on the firm's behavior is referred to as

A) structural behavior. B) corporate governance. C) structure composition theory. D) corporate taxation.

Economics