Which of the following is most likely to be a serious obstacle retarding the growth of less-developed nations
What will be an ideal response?
low capital formation as the result of a weak legal system
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Along a supply curve,
A. supply changes as price changes. B. quantity supplied changes as price changes. C. supply changes as technology changes. D. quantity supplied changes as technology changes.
Lucinda is deciding whether to enroll in an art school or a culinary school. The art school will cost $38,000 and the culinary school will cost $52,000
Lucinda estimates that the benefits from attending the art school will be $75,000 and the benefits from attending the culinary school will be $88,000. Based on these numbers, in which school should Lucinda enroll?
A fiduciary monetary standard exists when the value of a currency
A) is determined by law. B) is convertible to a fixed quantity of gold. C) depends upon the public's confidence that the currency can be exchanged for goods and services. D) increases with inflation.
Which of the following will cause an increase in the quantity demanded of ice cream at an ice cream store?
a. The onset of summer brings about an increase in the temperature. b. The price of frozen yogurt that is sold at the store is reduced by 5 percent. c. A new ice cream flavor is introduced at the store. d. The store introduces a limited period offer of 20 percent off on the price of ice cream. e. The income of the store's consumers increases.