Which of the following is true?
What will be an ideal response?
Economic growth is primarily the result of gains from trade, discovery of better ways of doing things, and capital investment
You might also like to view...
You decide to spend Thanksgiving with your grandparents instead of going to Las Vegas with 20 of your closest friends. Losing the chance to be with your friends is the ________ cost of spending Thanksgiving with your grandparents
A) explicit B) implicit C) deferred D) accrued
See Scenario 4.1. Holding Daniel's income and Pd constant at $240 and $3 respectively, what is Daniel's demand curve for cake?
A) Qc = 240 - Pc B) Qc = 240/Pc C) Qc = 120/Pc D) Qc = 240/(3 + Pc) E) none of the above
A monopolistic competitor faces a horizontal demand curve
a. True b. False Indicate whether the statement is true or false
According to a 2009 article in The Economist, the multiplier effect and crowding-out effect would exactly offset each other when the economy is
a. operating at full capacity. b. in recession. c. experiencing zero inflation. d. experiencing high rates of inflation.