The lack of investment in developing countries is at least in part attributable to:
A. high levels of foreign aid.
B. low levels of domestic savings.
C. inappropriate education.
D. overpopulation.
Answer: B
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To produce 10 shirts, the total cost is $80; to produce 11 shirts, the total cost is $99. The average total cost of the 11th shirt is equal to
A) $8. B) $9. C) $80. D) $99. E) $19.
After 1926, a decline in total building construction occurred even though building costs remained fairly stable
Indicate whether the statement is true or false
The circular flow diagram depicts the economy consisting of:
a. the government and households. b. households and international companies. c. households and firms. d. firms and the government.
The monetary approach basically looks at as the fundamental variable affecting exchange rates.
a. interest rates; short-run b. interest rates; long-run c. the price level; short-run d. the price level; long-run