DeWitt Clinton is most recognized for
a. inventing the wheat combine.
b. being one of the primary advocates of the abolition movement.
c. developing the technology to power railroad engines.
d. overseeing the building of the Erie Canal.
d. overseeing the building of the Erie Canal.
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What is the pricing rule that achieves an efficient outcome for a regulated monopoly? What is the problem with this rule?
What will be an ideal response?
Refer to Table 19-23. Suppose that a very simple economy produces three goods: pizzas, haircuts, and backpacks. Suppose the quantities produced and their corresponding prices for 2011 and 2016 are shown in the table above
Use the information to compute real GDP in the year 2011 and 2016. Assume that 2011 is the base year. Is output higher in 2016 or 2011? Why?
Describe some of the problems in testing the Heckscher-Ohlin theory
What will be an ideal response?
The predominant source of multilateral aid is:
a. the European Community. b. the United Nations. c. the Agency for International Development. d. the World Bank. e. the British government.