Which of the following is NOT a method for promoting global economic growth?
A) reliance on private markets to direct capital goods toward their best use
B) Count on the world's governments to develop policies that promote economic growth in developing nations.
C) Encourage population growth so that developing nations' labor supply increases.
D) market based approach
C
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Figure 10-8
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In the short run, the firm in Figure 10-8 will shut down if the price falls below
A. $8. B. $6. C. $5. D. $1.
When a good ends up undersupplied, we can assume it is a:
A. common resource. B. private good. C. public good. D. transitory good.
Refer to the table shown. If the output of bicycles is 4 per week, the average cost of producing each bicycle is:Output(bicycles per week)Total cost (dollars)110022003310444055806730790081,200
A. $140. B. $100. C. $110. D. $120.
Which of the following is a flow variable?
A) income B) money C) financial wealth D) all of the above E) none of the above