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

Economics

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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.

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After 1926, a decline in total building construction occurred even though building costs remained fairly stable

Indicate whether the statement is true or false

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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.

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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

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