The most basic investigative tool of economics is the
a. concept of scarcity.
b. mechanism of supply and demand.
c. coordination and trade syndrome.
d. inflation-unemployment trade-off.
e. regulation of business.
b
Economics
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Land "liberals" in the 19th century
a. believed that the sale of the public domain should provide substantial government revenue. b. voted against the Homestead Act of 1862. c. supported the sale of the public domain in small plots. d. were against the extension of credit to land buyers.
Economics
The government used the Herfindahl-Hirschman index to determine if a proposed merger will lead to excessive concentration
a. True b. False Indicate whether the statement is true or false
Economics