The problem of scarcity
A. applies to market-based economies.
B. applies to centrally planned economies.
C. applies only to the economies of less-developed countries.
D. applies to all of these economies, not just one type.
Answer: D
Economics
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In the United States, the wage floor legislated by government below which it is generally illegal to pay workers is known as
A) the minimum wage. B) the wage ceiling. C) the employment gap. D) the going wage.
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The discount rate is the interest rate charged by the central bank when it makes loans to commercial banks
a. True b. False Indicate whether the statement is true or false
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