The study of factors that contribute to the economic development of a country is
A. the new technology theory.
B. population growth economics.
C. development economics.
D. classical growth theory.
Answer: C
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A scooter uses much less gasoline than does a car. Suppose the price of gasoline rises substantially. Which of the figures above best illustrates how this change affects the demand curve for scooters?
A) Figure A only B) Figure B only C) Figure C only D) Figure D only E) Both Figure A and Figure D
A production possibilities curve illustrates:
A. scarcity. B. market prices. C. consumer preferences. D. the distribution of income.
Refer to the information provided in Figure 34.3 below to answer the question(s) that follow.
Figure 34.3Refer to Figure 34.3. If British people want to buy more U.S. goods and assets, the supply of pounds will
A. shift from S0 to S2. B. shift from S1 to S2. C. shift from S1 to S0. D. not change.
If this farmer is maximizing profit, then total profit is
A. $48.
B. $180.
C. $132.
D. $72.