Examlex
What did Keynes believe caused recessions and depressions?
Opportunities
Circumstances that make it possible to do something, often leading to new ventures or investments in economics.
Scarcity
The limits placed on the amounts and types of goods and services available for consumption as the result of there being only limited economic resources from which to produce output; the fundamental economic constraint that creates opportunity costs and that necessitates the use of marginal analysis (cost-benefit analysis) to make optimal choices.
Opportunity Costs
Missing out on potential gains from various alternatives once a particular option is picked.
Economics Quiz
A set of questions designed to test knowledge and understanding of economic principles and theories.
Q8: A country sells more to people overseas
Q21: If the Canadian dollar gets weaker relative
Q30: Suppose that consumers become pessimistic about the
Q82: Refer to Figure 15-1. What will happen
Q103: This question considers how an economy changes
Q121: Which statement is consistent with the supply-side
Q135: Refer to Figure 13-2. Which of the
Q147: Which of the following would shift aggregate
Q202: What variables besides real GDP tend to
Q223: Refer to Figure 14-1. In the short