In economics, resources are also known as
A) minerals.
B) factories.
C) factors of production.
D) human capital.
C
Economics
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Refer to the diagram showing the domestic demand and supply curves for a specific standardized product in a particular nation. If the world price for this product is $1.60, this nation will experience a domestic:
A. shortage of 160 units, which it will meet with 160 units of imports.
B. shortage of 160 units, which will increase the domestic price to $1.60.
C. surplus of 160 units, which it will export.
D. surplus of 160 units, which will reduce the world price to $1.00.
Economics
Monetary policy directly affects:
A. the antitrust laws. B. tax rates. C. social spending. D. the availability of credit.
Economics