Which of the following involves a trade – off ?

Related Mcqs:

Macroeconomics deals with?

A. the behavior of the electronics industry B. the behavior of firms C. economics aggregates D. the activities of individual units...

The total demand for goods and services in an economy is known as_____________?

A. gross national product. B. national demand. C. economy-wide demand D. aggregate demand...

In a free market?

A. government intervenes B. government plan production C. government interferes D. Prices adjust to reconcile scarcity and desires...

Unemployment means that ?

A. there is excess demand in the labour market B. there are some people who will not work at the going wage rate. C. people are not willing to work at the going wage rate. D. at the going wage rate, there are people who want to work but cannot find work....

A market can accurately be described as_________________?

A. a place to buy things B. a place to sell things C. the process by which prices adjust to reconcile the allocation of resources D. a place where buyers and sellers meet...