Examlex
Economics is often described as a science of constrained choice. How do you justify this argument?
Pay-As-You-Go Principle
A financing method where expenditures are not financed by borrowing but from current revenues.
Federal Reserve
The central banking system of the United States, responsible for monetary policy, banking supervision, and financial services.
Personal Savings
Money that individuals set aside from their income, after consumption and taxation, for future use or investment.
Demographic Conditions
The statistical characteristics of populations, such as age, race, gender, and income, which affect consumer behavior and economic trends.
Q38: The United States is the largest national
Q39: If you discover that the opportunity cost
Q66: Per capita GDP can be defined as<br>A)GDP
Q99: The profit motive leads firms to use
Q139: Economic fluctuations are defined as<br>A)alternating periods of
Q216: Which of these options best reflects Jim's
Q229: If new firms enter the computer manufacturing
Q233: Professional baseball teams in the United States
Q256: Technological advances that allow a good to
Q283: Rent controls are most often designed to