The basic economic problems will not be solved by ?

Related Mcqs:

Human wants are_______________?

A. Always fixed B. Limited C. Unlimited D. Likely to decrease over time...

The Phillips curve shows that ?

A. the business cycle has been eliminated B. an increase in inflation temporarily increases unemployment. C. inflation and unemployment are unrelated in the short run. D. a decrease in inflation temporarily increases unemployment. E. none of these...

You are planning to run a hot dog stand during a forthcoming fair. You originally estimated that you will generated sales revenue of Rs 2000 and you have already spent Rs 1000 building the hot dog stand. The hot dog stand is nearly completed but now you estimate total sales to be only Rs 800 because the fair clashes with a major music festival in a nearby location. You can complete the hot dog stand for another Rs 300 Your decision rule should be to complete the hot dog stand as long as the cost to complete the stand is less than ?

A. Rs 300 B. Rs 1000 C. Rs 500 D. Rs 800...

The economics the central problem is ?

A. Scarcity B. Money C. Consumption D. Allocation...

An increase in the price of beef providers information which ?

A. provides no information because prices in a market system are managed by planning boards. B. tells consumers to buy less pork C. tells producers to produce more beef. D. tells consumers to buy more beef....