An institutional change that is needed in most developing nations is:
A. The will to develop
B. Reduced foreign aid
C. Birth control
D. Land reform
D. Land reform
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High price and low total utility indicate
A. low marginal utility. B. large quantities are sold. C. high marginal utility. D. a high price/marginal utility ratio.
Refer to above figure. Why would workers not shift from agriculture to manufacturing in the initial situation where wages are higher in the latter?
What will be an ideal response?
We know the goal of a budget-constrained public enterprise
Indicate whether the statement is true or false
Use the following graph for a monopolistically competitive firm in a constant-cost industry to answer the next question. 
This firm is
A. not in either short-run or long-run equilibrium. B. in both short-run and long-run equilibrium. C. in short-run equilibrium, but not long-run equilibrium. D. in long-run equilibrium, but not short-run equilibrium.