Author Question: Economics is best defined as the study of how people, businesses, governments, and societies A) ... (Read 73 times)

clippers! · **on:** Jun 29, 2018

Economics is best defined as the study of how people, businesses, governments, and societies

A) choose abundance over scarcity.
B) make choices to cope with scarcity.
C) use their infinite resources.
D) attain wealth.

Question 2

The long-run aggregate supply curve is ________ because along it, as prices rise, the money wage rate ________.

A) vertical; falls
B) vertical; rises
C) upward sloping; falls
D) upward sloping; stays constant