What is the domestic exchange equation of Italy?




4 bottles of wine = 5 pairs of shoes

Economics

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The benefit principle states that_____

a. people who benefit from the rule of law should pay taxes b. people who benefit from Social Security should voter for it c. people who benefit from a government activity should pay for it in proportion to their wealth d. people who benefit from a government activity should be those who pay for it

Economics

Which of the following areas of the world experienced virtually no change in its poverty rate from 1981 to 2010?

A. China B. South Asia C. India D. sub-Saharan Africa

Economics

Another term for capitalism is the:

A. system of inputs and outputs. B. command system. C. socialist economy. D. market system.

Economics

Based on the diagram below, which of the following statements is true?




A. Average total cost at Q2 is the slope of line 0A
B. Average total cost at Q1 is the slope of line AB
C. Marginal cost at Q2 is the slope of line CB
D. Marginal cost at Q1 is the slope of line 0A

Economics