The largest sector of a developing country is usually
a. agriculture
b. manufacturing
c. services
d. infrastructure
e. none of the above
A
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A year-long drought that destroys most wheat crops for the season would shift the:
A. aggregate demand curve only. B. aggregate demand curve, and the short-run aggregate supply curve would shift in response. C. short-run aggregate supply curve only. D. short-run aggregate supply curve and the long-run aggregate supply curve.
A principle that economists emphasize is that the ____ of decision makers are always limited
a. ideas b. goals c. resources d. opportunities e. offices
Actual investment spending includes
What will be an ideal response?
When monopolistically competitive firms earn ________ profits, other firms ________ the industry in the long run.
A. negative economic; exit B. normal; exit C. positive economic; exit D. normal; enter