Microeconomics

Which of the following best completes the definition of opportunity cost? The opportunity cost of ...

Started by blkth103

Scarcity implies that choices must be made. Making choices implies

Started by trevg

Which of the following statements best describes the underlying feature of most economic problems?

Started by Dannyrod2

Which of the following statements best describes the economic concept of scarcity?

Started by dongbo

In a modern mixed economy, the government ensures that key institutions are in place to facilitate ...

Started by xsk4r3kr0w

In a pure market economy, the role of government is limited to provision of:i) a basic legal and ...

Started by kms5229

Many economies in central and Eastern Europe, including the countries of the former Soviet Union, ...

Started by awgagawg

Comparison of economic systems indicates that

Started by ninaj

In the current Canadian economy, the majority of choices on how resources are allocated are made by

Started by vowens

Complex economic plans for many economic sectors are most associated with a

Started by llesku

Economics can best be described as

Started by joe3899

In mixed economies, economic behaviour is

Started by am7272

Behaviour in free-market economies is

Started by blinding37

With regard to various economic systems, most economists agree that

Started by Mscarter

In practice, the term "centrally planned economy" refers to an economy in which

Started by tspaw0811

An economic system that relies primarily upon custom and habit in economic decision making is referred to as a

Started by wqwpfwpoefnpwenf

Which of the following best describes the study of economics?

Started by abcdef9106

Which of the points below are true of money?1) Money eliminates the need for barter.2) Money allows ...

Started by lrhoads

The barter system of exchange is inefficient because

Started by xjustxicex

Which of the following results from the introduction of money for use in transactions?

Started by ninaj

Which of the following has most contributed to the globalization of the economy?

Started by booty5

A greater specialization of labour leads to which of the following major results?

Started by ncasson210

Which of the following statements best describes a barter system of exchange?

Started by jordangardner

Which of the following statements about specialization and trade are correct?

Started by olivia_rose

A basic underlying point in economics is that

Started by hgjjghgjh