Search
.Management Sciences
A. is relevant only for a capitalist economy like the United States.
B. Suggests a major increase in public health care spending means an expansion in other areas will be harder to achieve.
C. Suggests all our wants can be achieved.
D. Would be relevant if we eliminated poverty
Related Mcqs:
- Resources in an economy ?
- A. Are always found B. Can never decease C. Always increase over time D. Are limited at any moment in time...
- In a command (planned) economy ?
- A. The price mechanism acts as an incentive B. Resources are allocated by market forces C. Individual firms make decisions for themselves about what to produce and how to produce it D. The public sector is large...
- Raising taxes and increasing welfare payments ?
- A. reduces market power B. Proves that there is such a thing as a free lunch C. improves efficiency at the expense of equity. D. improves equity at the expense of efficiency....
- The economics the central problem is ?
- A. Scarcity B. Money C. Consumption D. Allocation...
- A rational person does not act unless ?
- A. the action is ethical B. The action produces marginal costs that exceed marginal benefits. C. The action produces marginal benefits that exceed marginal costs. D. The action makes money for the person....
Recent Comments