Which of the following is not an obstacle to development?

A. Overpopulation
B. Excessive investment
C. Political instability
D. Corruption


Answer: B

Economics

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Refer to the figure above. What does the slope of the aggregate production function imply?

A) Decreasing returns to scale B) Diminishing marginal product of capital C) Diminishing marginal product of labor D) Increasing returns to scale

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Distinguish between the short run and the long run

What will be an ideal response?

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Research has shown that nations with highly independent central banks tend to have low

A) inflation. B) interest rates. C) economic growth. D) unemployment.

Economics

A negative externality

a. is a cost to a bystander. b. is a cost to the buyer. c. is a cost to the seller. d. exists with all market transactions.

Economics