Which of the Following Can Use Economic Principles to Improve

question 130

Multiple Choice

Which of the following can use economic principles to improve how they make important decisions?

• A)individuals
• B)managers in businesses
• C)government policymakers
• D)all of the above

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Definitions:

Civil Remedy

Legal means through which a court enforces a right, imposes a penalty, or makes another court order to impose its will.

Legal Drinking Age

The minimum age at which an individual is legally allowed to purchase and consume alcoholic beverages, which varies by jurisdiction.

Federal Funds

Central bank balances held by banks at the Federal Reserve which are available for lending to other banks overnight to meet reserve requirements.

State Highways

Roads managed by state governments, forming part of a state's transportation network, often connecting cities and towns.