Which of the following is the best example of land?
A. A barber's chair.
B. A factory that produces new goods and services.
C. The water used to make a soft drink.
D. The ethanol refined from corn.
Answer: C
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For foreign direct investment to occur, the purchase has to be more than
A) 8 percent but less than 10 percent of shares in a business located abroad. B) 5 percent but less than 10 percent of shares in a business located abroad. C) 10 percent of shares in a business located abroad. D) 2 percent but less than 5 percent of shares in a business located abroad.
Scarcity means we must
A) consume less. B) produce less. C) make choices. D) earn more. E) work more.
Which of the following options could be used to eliminate a recessionary gap?
a. Increase government spending. b. Decrease government spending. c. Decrease investment. d. Increase taxes.
If a country grows at an average rate of 3.5 percent per year, we can estimate it will double its:
A. growth rate in 70 years. B. real GDP per capita in 70 years. C. real GDP per capita in 20 years. D. growth rate in 20 years.