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Economics does not study correct or incorrect behaviors butrather it assumes that economic agents make the best decisionsgiven their knowledge of the costs and benefits. What […]

According to economics what causes us to have to makechoices?A. greed.B. scarcity.C. unemployment.D. unlimited resources.

The three most important international financial centers todayare A. London Tokyo and Beijing. B. Tokyo London and New York.C. New York Los Angeles and London. D. […]

Which of the following does not reflect the state of the taxsystem in the United States today?A. The tax laws have become increasingly simplified asprivate citizens […]

China has been accused of deliberately undervaluing itscurrency the yuan in order toA. prevent deflation.B. increase its exports.C. increase its imports.D. maintain purchasing power parity.

How does an increase in a countrys exchange rate affect itsbalance of trade? A. An increase in the exchange rate raisesimports reduces exports and reduces the […]

Which of the following is an objective of fiscal policy? A.energy independence from Middle East oil B. discovering a cure forAIDs C. high rates of economic […]

Which country does the text describe as becoming the largestproducer and consumer of many of the worlds goods?A. MexicoB. ChinaC. EcuadorD. CanadaE. Japan

One reason why the coffeehouse market is competitive is thatA. consumption takes place in public.B. barriers to entry are low. C. it istrendy and therefore is […]