Other things equal, the likelihood that a country will experience a relatively-high level of income is greater if the country
a. pursues inward-oriented policies.
b. has natural seaports.
c. minimizes the role of the courts in its economy.
d. enacts policies to encourage consumption and discourage saving.
b
You might also like to view...
Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
Which of the following is likely hardest to resell?
A) An Apple iPod B) A discount airline ticket you bought with your frequent flyer miles C) A used car D) The free spa treatment you won at a raffle
If the exchange rate changes from $2.00 = £1 to $2.01 = £1 then
A) the dollar has depreciated. B) the dollar has appreciated. C) the British pound has depreciated. D) the British pound has stayed constant in value.
The Wax Works sells 500 candles at a price of $10 per candle. The Wax Works? total economic costs for producing 500 candles are $2,000. The Wax Works? economic profit is
A. $2,000. B. $3,000. C. $5,000. D. indeterminate from this information.