Multiple Choice
Which is NOT considered to be an institution that influences the wealth of nations?
A) national health care system
B) legal system to enforce contracts and laws to protect the rights of citizens
C) strong monetary system
D) legislative process to develop laws and policies that provides incentives to work hard
Correct Answer:
Verified
Correct Answer:
Verified
Q145: Which concept would be addressed by microeconomics?<br>A)
Q146: Ceteris paribus means<br>A) everything changes.<br>B) everything is
Q147: What would be a possible opportunity cost
Q148: There are no instances where efficient solutions
Q149: Markets tend to be efficient because<br>A) people
Q151: A person will decide to take the
Q152: Briefly describe how macroeconomics and microeconomics are
Q153: Time series graphs allow us to see
Q154: Which example represents a bad incentive?<br>A) charging
Q155: Macroeconomics studies the outcomes of individual markets