Examlex
A debit card is more similar to a credit card than to a check.
Socialist
An advocate or supporter of socialism, a political and economic theory advocating for the ownership and control of the means of production by the community as a whole.
Price Mechanism
The process by which prices rise or fall as a result of changes in supply and demand, guiding the allocation of resources in a market economy.
Competing Firms
Businesses that operate in the same market, offering similar products or services, and vie for the same consumer base.
External Benefit
A benefit gained by individuals or society that is not reflected in market transactions, often associated with positive externalities.
Q2: An increase in capital increases productivity only
Q21: By itself,when a Japanese bank purchases a
Q22: A production possibilities frontier has a bowed
Q25: According to the Friedman-Phelps analysis,in the long
Q26: National saving is equal to Y -
Q35: In the circular-flow diagram,factors of production are
Q42: Many economists believe that the theory of
Q51: Banks and mutual funds are examples of
Q83: Data on unemployment indicate that most people
Q189: The natural rate of unemployment is the