Janet Yellen, Chair of the Federal Reserve, must choose whether tomorrow she meets with the Secretary of the Treasury or with the Congress regarding the financial crisis. This choice reflects the
A) fact that Ms. Yellen faces scarcity.
B) concept of entrepreneurship.
C) fact that Ms. Yellen responds to incentives.
D) use of capital.
Correct Answer:
Verified
Q197: Which of the following is a positive
Q198: In economics, normative statements are about
A) the
Q199: "The rich should pay higher income tax
Q200: A normative statement is
A) about what ought
Q201: What is the difference between scarcity and
Q203: Which of the following college majors experience
Q204: Explain why both rich and poor people
Q205: Why do economists say that even very
Q206: "As part of the financial crisis bailout
Q207: When the president of the Bank of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents