1. If a country is producing point X. what is its output of capital goods and consumer goods?

The questions of economics address which of the following ? check all that apply

Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.

Which of the following would be an accurate statement about achieving a balanced budget