The presence of an incentive system that encourages growth
A) guarantees that growth will occur.
B) creates the right conditions for growth to occur.
C) cannot exist in poor countries.
D) existed even in hunter-gatherer societies.
E) means that the government must be a democracy.
B
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If Georgia experiences a late frost that damages the peach crop, we should expect the
a. supply curve for peaches to shift to the right and the price of peaches to fall. b. supply curve for peaches to shift to the left and the price of peaches to rise. c. demand curve for peaches to shift to the left and the price of peaches to fall. d. demand curve for peaches to shift to the right and the price of peaches to rise.
Which of the following could explain an increase in the interest rate and the equilibrium quantity of loanable funds?
a. The demand for loanable funds shifted rightward. b. The demand for loanable funds shifted leftward. c. The supply of loanable funds shifted rightward. d. The supply of loanable funds shifted leftward.
Which of the following will not cause a change in the demand for product A?
A. A change in the number of buyers B. A change in the price of A C. A decline in consumer incomes D. A decrease in the price of close-substitute product B
Refer to the information provided in Figure 13.10 below to answer the question(s) that follow. Figure 13.10 Refer to Figure 13.10. If the government imposed a price ceiling of $12 on this firm, the firm would sell to
A. 1,000 subscribers and earn a profit of $4,000. B. 2,200 subscribers and would require a subsidy of $2,200 to stay in business. C. 2,500 subscribers but would require a subsidy of $1,250 to stay in business. D. more than 2,500 subscribers so that price would equal average total cost.